 This is TFNN, the Tiger Financial News Network. TFNN, headline news update. It's 2 p.m. I'm Steve Rhodes, filling in for Tom O'Brien, giving you the 2 p.m. update. Right now we've got the Dow. Basically, flat, it's off seven points, no big deal, the S&P down two points. We'll call that flat as well. NDX off 24 points. That is the, I take it back. The transports are the big loser, so to speak, to the downside. They're off 71 points, but they've staged one heck of a rally since earlier this morning out here. And you've got the New York Stock Exchange up six points. Gold's up $2, silver is flat. It's up one penny out there. So let's go take a look at these markets, see what they're doing. If we take a look at the Dow, begin by taking a look at the Dow out here. What you should notice in the pattern that's most important to pay attention to is the pattern that completed yesterday. The pattern that completed yesterday was a Gertley buy pattern. Now, I've just punched in here the A to B equals CD to the downside. What you will see here is a one to two A to B equals CD. Now what that means is the A to B point, which was just a two day move. That was the high from May 1st and the low of May 2nd. And then the rally was just a one day move before price continued to move lower. That was the high from May 3rd. So the high from May 1st to May 2nd, that's your A to B. We just add that A to B to our level of C, but we also go ahead and make expansions of that because only 60% of the time on A to B equals CD complete at the one to one level. And how do we know when it's completed? Well, the one way you know that it's completed is the bulls will show up. You will see some type of bulls reversal candle. It's exactly what you saw yesterday when you got the hammer candle. Now, hammer candles are best to be bought, especially one like yesterday's, where you have just simply a small body, but a huge lower shadow or wick, whichever the two you prefer to call it. The best buys are at the center or the bottom. But this day chair, the lowest tested, it has held. It doesn't matter whether today's candle is a bullish reversal signal or not, whether it is a hammer or not, just be paying attention. This is telling you the market is doing everything it can to form a bottom. And if we take a look at the S&P 500 folks, what you're gonna see, it's doing the exact same thing. But it needs a bullish reversal signal today. It didn't generate a hammer candle, but today's looks mighty hammerish out there. And thanks for being here, stay tuned. David White is up with the next show, your favorite polar bear, the entire world's favorite polar bear. Tom O'Brien after that, tune in to me next Monday at one o'clock. Have a great weekend folks.