 Welcome back, folks. Dow right now, 14 Nasdaq, up eight S&Ps up one and a half. Let's go over to our man, Mr. Basil Chapman, as we do each and every Tuesday at 20 past the first dollar. Don't forget, folks, Basil does an outstanding show here every trading day, 12 to one Eastern standard time. Also has a great newsletter. Now, you can get this newsletter by coming over to our website at TFNN. You're going to hit Newsletters. You're going to see the opening call. Our man, Mr. Basil Chapman, bottom line, sends it out every trading day. You can subscribe to it. Basil's newsletter is $128 for one month. You can get it for six months for $595, which is $173 savings. You can get it for a year for $995, which is a $541 savings. Now in all those cases, folks, it comes with a 30-day money-back guarantee. Nothing to lose every day of the game. Check it out right on the front page of TFNN as you hit Newsletters. Basil Chapman, what's going on? Hi, Tom. How are you? I saw some of those pictures with a lot of that snow you got. That was a big storm, but you know what's interesting about it? It was very, once it's cleared up, because it's so cold, we don't have it melting and having ice all over. It's the ice I worry about, aren't it? Oh, yeah. So, was it that soft snow? You can move like real easy? It was, but it was a lot. Okay, cool. It was at least 14 inches. Yeah. That's a lot, man. That's a lot. For us, it is. I mean, we're not talking Denver. Yeah, we're talking Boston. No. So, 14 inches is a lot. It's talking March 5th, too. I guess. Okay, so I'm looking at the Dow industrials here. So when we spoke last time, last week, Thursday, I said that I believe we're now going to go into a very choppy phase, and that there's a particular, and I spent some time in my noon hour show to discuss this very narrow up channel that can go for quite a while. What happens when it breaks down the uptrend support level and breaks down below it? And you can see I've got this pink line, and what I've done for subscribers, I drawn this. In fact, I was doing it on the show for quite a while, almost every day for the past week and a little bit. I've been showing a pattern that I said, if I'm correct, this is what we should do. The way you get out of this very long channel is to have a move down a rally higher so you can see this little dash line I drew in, then I drew another dash line that went just above the previous high. It was the recovery high of $26,241 on the 25th of February for the Dow, and then a sharper decline that says you should go below the trough that was made on the left side. Then have another rally, and then the next decline is the one that really starts to break away from that up channel to make that support. Now resistance line number one, and number two is it's as big, but I always think of how a dog gets, when it's at the water's edge, it gets all wet, and then it comes away and then it shakes itself and everybody gets soaked, and the dog is just standing still, doesn't move, and then it just kind of casually walks away and everybody's soaked. But this is this kind of thing, and what happened yesterday for subscribers, whenever we get to a certain point, we usually start to put on short positions, and in this case we had a short position, and yesterday the Dow dropped over 400 points, actually it was over 500 points from the high to the low yesterday, but then it rebounded, but that rebound created a candle that I've spoken about over the years. It's something that I discovered years ago, I called it the Chapman Wave Roman candle, and it has a tiny little wick, it has a long leg down, it's a very red candle and it occurs always right near the highs, and you can see that we've had that, this is the candle that we saw back in February of last year, I'm showing it on the right side with a monthly chart, but what happens is if the price, very quickly after that within, this is a daily chart, so within two days if there is a break to the downside, if it holds for a shorter period of time, so we're talking about a daily chart, my impression was that if it could hold for over two hours, underneath right here, 20, 25, 7, 10, that would indicate a really quick slide to the low of 25,611, well this morning we ran down and we stopped right at 20, there it is, 25, 7, 25, so we managed to recover, we got a little doji candle here, but my impression is that we've started that big shaking out of the very long-term up channel, and that is, says now expect a lot more volatility even though today's a very quiet and passive day, I'm expecting quite a lot of volatility in terms of highs and lows, but I'm also expecting there's a really good chance that we start to get lower highs and lower lows, at least for the shorter term, meaning a couple of weeks, that's my impression, but first the next step is important, we have to close under 25,600, so for subscribers we should take some profits, we're actually raising a little cash, we still have some core positions, we still have a Bank of America which we had for quite a while, let me just make this a little narrow, you can see it's holding very nicely towards the upper end of the range, it hasn't really broken out, so it looks like it's kind of stuck in a range for now, but it's still doing okay, and then one that we've had for quite some time is MJ, which is the alternative harvest ETF for the cannabis sector, it's taken a long time to get back to the previous high of 38.36 on the 4th of February, my suspicion is just like Bank of America, we sort of stuck in a rectangle trading range here, but then we're also trying to raise positions, now I also spoke to you about the chance that maybe we're looking at wheat and some of the softer grains starting to make some kind of a lower, but look wheat, all of a sudden wheat is starting to make a little bit of a turnaround, nice candle today after the low of three days ago, corn is the next one I'm looking at, also not a bad candle, so I'm just thinking that there's a chance in this particular phase where we start to see money flow into some of the other areas, this is a very good time, it's been spectacular profits on a percentage basis on many of the stocks that made lows back in December 24th and 26th, and I think money might come out of that and look for a new home, so I'm thinking that there's some areas that might be favored right now and then in the next future four sessions I think we'll get a good clue on that, so I'm kind of cautious right here, the big picture still says all-time highs in 2019, but at the same time I think this is an important hiatus, I hope it is because there's some stocks that kind of got away from us and I'd really like to get into them and so we've got to do some buying on any sharp declines, yeah so I mean I know you like using that nine period, I mean it's the first time of the nine period we got on the opposite side of it since January 3rd, yeah it's quite incredible and most importantly I also just wanted to mention to you, you know the dollar is still acting quite well considering, so it's in the range, yeah it's putting up a fight, there's no doubt about that man, it is putting up a fight, but I've got a feeling we're talking about two separate things, I think the dollar is one aspect, I think gold is another and I think yields, I've been talking about yields with subscribers for at least a couple of weeks now, if you look at the TNX, I know that you're thinking that the TNX, that the TLT should rally and yields should come down, but I'm kind of impressed that they've held at this higher level for now, so I'm watching them very closely because the Fed would like to have some inflation if the yields can do it for them without them officially announcing that the raising rates, I think that'll suit them well and so this is a very interesting time because I'm looking at it as if there are three or four different actions that are taking place, one is the dollar, one is the gold, one is yields, and then the other is wood stocks have really ready, strongly need a break, wood stocks should come on to take their place in the next couple of weeks. And folks, the way you get is newsletter, come over to our website at TFNN, you're going to go into the newsletters, you're going to see the opening call, get it for a month, six months a year, all with a 30-day money-back guarantee. Basil, you have a safe one, a great one, stay warm and stay out of that snow, man. Absolutely, thank you Tony. Thanks man, stay right there folks, come right back.