 The following is a presentation of TFNN The Tiger Technician hour with your host as a Chapman call now toll free at 1-877-927-6648 We're right in the middle of the month Mm-hmm talking about a move of the month look at that red candle in the Dow I must update it didn't have a chance. So I think I made a mistake. Yeah, there's a 44. So let's see 30,000 Yep, let's do that quickly 44 got it got it here 30,000 635 no not anymore We've got talking about 30,000 1 44 and yeah, I forgot the one extra four. All right, we're all set. There we go Just needed to catch that up and got it really there we go Chapman wave methodology is a particular technique that I talk about I'm always talking about three particular Directional moves straight up and straight down number one Cup formation number two arch formation number three You can have a mix of one or two or one of three One three straight down make it red because if it makes the arch and fails at a peak a or B First a second peak and it takes out the left side low significantly You have two maybe three bars in which to close above that low or you could go down significantly unless you get it and already a Intrinsic buy signal that's about to go to a buy mode very quickly We have no idea what's going to happen now because it's just the first pop up from below that was made below the 30,000 635 low of the 20th we went down to 30,000 144 yesterday and today Now one of the reasons I said to subscribers is that I want to go long here. This is we've got a huge cast position I want to start putting that running to work in various areas. So we've got three new positions One is brand you've already tried it out a couple of times and we're trying that out again It's really a conglomerate of a particular Let's go an ETF that has a mix of all the the stocks that were Fantastic winners and then they just took between 70 and some of the even 90 percent declines So even if they have just a decent rally at least we're in a sector that has the potential to move higher with a Percentage basis so we can raise our stop and we can start preparing to see are we going to look at let's get rid of this now We don't need any more or we're about to get something that is Even more significant and we haven't seen for quite a while and that is within the channeling methodology Are we about to get this particular pattern and the pattern is try to identify a low bar that could be a low bar of significance and Then you start counting each successively higher peak and alphabetize them a through g a b c d e of g up a case on the way up Low a case on the way down, but the target is to be able to go from a buy signal We haven't even got the start at the moment of a buy signal and then if We can get to a leg B and it's significant enough with the technicals turning and this is going to require Something absolutely phenomenal by the end of the day certainly by tomorrow certainly by Friday's closed on a weekly basis On the upside just I don't care what the Fed says Whatever the Fed says it's the market reaction that we're looking at and that's what we're anticipating the market reaction So within that context we want to have a buy signal at some point by maybe two Monday or Tuesday of this coming week That gets upgraded to a buy mode with the implication There should be at least four higher peaks in the Chapman wave by mode Yes, it can go higher. I can even recycle that a PD within three bars to a brand new buy mode I mean, it's an unbelievable technique. I mean we're not even we're here Look, we're looking at the start We haven't done even if it's a start because the we haven't even made a trough from yesterday's low on a closing Basis if we go under 30,000 144, it's all over in the next day or two, but most importantly This is the way we use the technique. So why did I why did I look at it this way? Because if you look yes, the yes, the yes the DOG that's one to one short the Dow But it had this cup formation Ran strongly to a new recovery high 3665 was the high in May Then I'll pull back to where the most important 200 period moving average the longer term moving average that you don't need Until you need it and look at this We had about eight sessions nine sessions Hugging this trying to test test test test and then bam We had that big sudden three-day smile Look at those gaps three-day gaps to two gaps on a three-day gap up And we make a high yesterday of 30. Oh, I forgot to put that in. I think it was 37 10 37 0 6 37 0 6 and now what I were want to do and this is what I was thinking of yesterday as we were doing this Because we did not know what the bar would look like we were here and we had broken above the previous high but I was measuring the verticals at The high that was made on the I think that was the 20th of 3665 in the DOG and then the high That was possibly coming in and this was done on Monday night. Yeah Monday Yes, I was away yesterday. So it was Monday right there and I said, oh, oh, yes, it's the cast went over 84 percent That's good. Yes on balance volume is very good. Yes the Mac D cross positive All I can say is it's the cup formation and how it closes if it does close underneath the left side 3665 is Gonna be really important, but the most important thing to me was that the Vicks index There it is the Vicks index had had this spiral under from the Friday close that Monday spiral to the upside failed to get about 3654 the high of the second of May and It's said to me that in this particular instance the technicals were not nearly as strong So it was a chance that if I was able to time it for subscribers yesterday to go to on the long side That we could get the timing to the point where we have a decent cushion Some of it works for the cushion some of it will have to see today Really, we've got the cushion but in the meantime back at the ranch We have this one or more significant moves to the upside that I'm anticipating in The long position having started to put money to work from our big cash position Oh got that out the way QQQ one two three look what happened two eighty point twenty one was alone the 23rd of May It runs up just about three ten makes a peak be Minus because it took out that low so for three days It was underneath the low of two eighty point twenty one even today the lowest two seventy eight point seventy So this is the third day It's really important that it closes above two eighty point twenty one now What it does say is I still have to wait for the technicals mean the stochastic the magnetic the unbalanced volume Even the nine-period moving average under the 14 period to actually start to move quite a bit higher To even get a chance of a sell a buy signal That has the possibility of a buy mode Okay, we've got that out the way IWM you remember what I said that I don't know and the other thing is that the IWM 168.19 was the low of 23rd was it trust or the 12th of May and then on the 14th that's yesterday 174 we broke that left side low in the dreaded eight pad That's now it's a cell mode This turn around now at a truck of protection job care and Except says IWM has Time of booming inflation we are purchasing powers eroded. 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Yes, the IWM there are a couple of things And I have to thank one of my subscribers For giving me this information of course coinciding with the Fibonacci expansion to a 161 at 168 The the IWM went under 168 briefly yesterday closed above it But the 168.90 low that was made remember I had said that the the daily chart of the IWM the Russell 2000 Was a way better chart than most of the others that we were looking at and then we actually went to a Pd and then turned down from the buy mode just on the daily chart to a sell signal to a sell mode Because it took out that in the dreaded H It took out the left side low and this only had has two days and today is the first day To go above 168.90 the day is young will it close above 168.90 if it does that just on a very short term basis the IWM has done very nicely in the daily chart The weekly chart just makes lower lows and lower highs in this dreaded H pattern and it's gone to a leg F It's one of the deepest corrections. We've had Maybe SMH's let me check the SMH's. Yeah, SMH has recycled they went to G slash B actually P ah G slash B in the weekly chart Let me get that B in there it is B and then now it's in a leg C to the downside But on the downside I don't put as much I Put a lot but not as much emphasis Let me just get this down here On the chap we've Notation to the downside on the upside I'm really strict about the notation But on the downside because of the way I guess over the years. I've been able to use the Make their dream. I've been able to use the know the Technicals like the MACD the stochastic the pattern involved the arch pattern etc I've used it in such a way that yes, it is important But it's not the most important thing and there's a chance that this lowest low In the SMH's which was yesterday at below the two 13.23 low of the 12th of May. We went down to two 10.32 to 10.32 to 10.32 Is much lower right now. We're to 15.79 and the technicals here are In a little bit more mature position of turning around but still looking really weak So what do we expect to get a really strong move to the upside in the general market? The SMH's have gone to lower lows and lower highs all Over and over and over again since the double top in the 3 18s from the November to January That cup formation member the cup formation I measured the left side right side and I said right sides much weaker Went to a G and the monthly chart and this is still a very ugly chart to be able to say You know what we're absolutely out of the woods. We are now moving way higher in 2022 You want to see the SMH's? There are 210 right now I would probably want to see them at 250 80 262 and that would mean speed as well as price I just don't see that. I still see them under pressure. So this says the overall general the market trend is still in a bear phase but we're getting closer and closer to to mitigating some of the huge negativity if There is a pretty decent rally and all I can say is then I I got a some statement here The usual statement in uppercase letters bold that is Do you ever look at margin debt? It's about to become front-page story even if you Will be forced to face A bitcoin falls below 20,000. It's going to bring out margin calls. I think we will find out Kids have been buying bitcoin on credit cards It's all going to set up the next down leg in stocks down markets this closed fraud This market is loaded in fraud you know You can say that at any time and sometimes when the market is going up this fraud, but you don't know it Usually when the markets really tend to to kind of get the crash mode That's when you find out number one What were the banks doing? Why? How come the banks are always involved in the biggest mistakes in the market ever? They're always But at this particular point the XLF. Yes, it's acting purely today. It's our 47 cents at 3178 Yes, the monthly is at a peak. Yes, you've got this beautiful arch formation You know I talk about that all the time the measurement of the left side right side price time match And I never did I had that and I changed it. I should have taken it back put it back in It doesn't matter. We've gone to the we've tested a number of times The left side low after the peak e was made and that was the week of the 26th of march at 33.00 That was march of 21. Then we made this huge choppy choppy choppy move to the upside In a sense it almost looks like it was a chap with A restart But it has that character where the price keeps coming back to the low point This is the low point off to either one that I just spoke about at 33 round number low And it still went higher still went all the way to the to the 41th and then a tank You remember we were in bank of america had really good profits And we just finally took the last profit out about a month or so going to see we're done I think that there's a problem again the problem I was relating to was that the tlt that bonds Normally when the markets become highly volatile and Wall Street parlance that means going down. It's very simple So that volatility usually says that money comes out of the illiquidity of stocks The volatility the going downside of stocks and goes into the so-called safety of bonds I did a measured move here from the low of 133 19 back in march of 2021 I said I can take it to the double tops, but I'm going to take it to the midpoint That was about october at about 142. I put in the vertical line I said i'm putting in a measured move and that buy and this is the exact move by the may the 30th week of may the 13th 2022 There's a chance that if we break under 131 We're going to go a lot lower and can we do a one-to-one to the downside? Well, we did that had a little mini dreaded H bounce because we on the weekly basis last week We took out that low. We're trying to come back again This week. I'm sorry. We we've gone even lower and That's just says to me things are different this time. I don't care what anybody says We're in the roll with eyes when someone says things are different this time How can you say things aren't different this time? This is the first time that we've got a Game Basically a rotating recession. I have people talking about recessions I've been doing my recessions for a long time because this is my own framework says that if you look at You remember I'm going all over the show you I'm trying to put a potpourri of things together because the feds coming out today And what happens to the market results of the feds feds statement is going to be really important And I'm saying things are different this time because stocks have come down 22 to over 30 percent in different Indices in some sectors is even more and money never went from stocks to bonds In fact bonds came down very sharply. But wait a minute Sintas, which is overalls uniforms and rentals Made an all-time high of 461. It's a 359 right now um It actually is holding Okay, but you think of this way in certain sectors like Sintas has been in recession for a while I'll be back in a moment does a 313 as a piece of 46 a lot of questions I'll try to get to that if you want to take advantage of this sector now is the time to subscribe to my gold report The gold report is a comprehensive look at the metal sector as well as the markets that move gold Which is the currency and bond markets new subscribers get a 30 day money back guarantee So you have nothing to lose every monday morning I published a gold report with coverage of gold silver bonds the xAU hui gdx as well as more than 30 different mining equities To sift yourself the types of profitable trades that are recommended within the gold report sign up now by visiting tfnn.com Don't miss out on the next great gold trade Sign up today TFNN has just launched their new trading room the tiger's den hosted at discord TFNN has been educating traders for more than 20 years with live programming hosted by a variety of professional traders during market hours And now they are expanding their reach with the tiger's den available to all tigers and tygruses for just one dollar for the year There's no catch or added costs when you join our community of traders in the tiger's den You can look over the shoulders of tom o bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tygruses as they share trading ideas news analysis and discuss the market action all trading day even at night and on the weekends The tiger's den at discord is accessible on mobile or tablets as well So it's always at your reach to sign up today and become a part of this educational community of traders Just visit the front page of tfnn.com TFNN is excited about our new software charting program the art of timing the trade charts In collaboration with tom o bryan and using his best-selling book the art of timing the trade your ultimate trading mastery system David white has programmed an outstanding piece of software that will complement any trader's methodology Using this first of its kind program the art of timing the trade charts allows you to scan thousands of stocks for Fibonacci formation setups including guardleys abc's butterflies and much more the art of timing the trade charts is designed to help you When scouring the markets for stocks just beginning to form the trading patterns that many investors spend days weeks or even months Searching to find and right now we're offering licenses available at only $79 a month We are so confident that you're going to love this new charting software that will even give you a 30 day Unconditional money back guarantee don't miss out on this incredible new piece of software Get your copy of the art of timing the trade charts today by visiting tfnn.com This segment is brought to you by think or swim for more information Just click the think or swim banner on the front page of tfnn.com I'm going to go back and we're looking at a couple of questions. Let me just get this um Basil caching to get this big eye cast and acute eye. Yes. I think you're absolutely great. In fact, just That's a great idea. I'm gonna include it. I I don't need you because um, some of the others that we have really pertain to the broker dealer index in a sense because uh, they kind of go down together But as a clue as an indicator clue and the cash my cash indicator is c is syntax I just spoke about that. Whoops. I typed it in the wrong place. Let's put it over there The syntax is c tas. There we go Um, and it's gone for 461 down to a low yesterday in the 350 area Maybe just under 350 that's below the 350 round number that was in may before Ran up to the 408 area So, yeah, it's not acting well But it's certainly holding uh, syntax is holding when you think about the monthly chart in a monthly chart This is not bad at all But uh, it definitely is failing and as I said the rotation But when you think of it a amazon is my other one I almost all are going in sync to the downside amazon icon I think by a for hair it took out the left side low the left side low was the doji candle 101.26 on the 24th of May and yesterday's low was 101.43 now that's interesting because I was pointing out a particular etf This morning and and the last few days to subscribers to my opening call They say wow it is not taken out the left side low and yet it's been for months one of the weakest etfs You can ever find And here we are amazon also didn't take out the left side low But if you're looking at the weekly and monthly charts It's i a but for the broker dealer index, but i i i for amazon It just doesn't look good at all It's going to need a lot of work to even break above the last Two weeks ago. Hi, listen two weeks ago of 120 of 129 or was it 130 let me just double double check it was 128 99 So From 104 it's going to go 20. Let's call it 26 points 26 points from here um I don't know what's going to do it and that's why I wanted I wanted to get into the long positions but only in in etfs or indexes because I I don't see them individual stocks look even a an oracle Which evidently had great news the other day Gaps down three beautiful big red candles two wonderful gaps and then yesterday Was a day before monday afternoon comes out with great news tuesday gaps up It makes chubway roman candle It hasn't gone halfway into the week if there is a 120 minute chart that holds for i'm going to say for One and a half bars if it if it go for more than 100 minutes under 70.20 oracle will take out the low of yesterday and then start to fill at least one of the gaps if it's able in the next three days Now what's today wednesday by friday or monday if it has even nicked by one penny the high of 72 43 Also had a round number open of 72 and it's uh below that now That's not so good But if it's able to even pop up it doesn't have to close but pop up above 72 43 that's saying oh This could be a help and say that the in the in the within the tech sector. We started to see oracle um at 71.06 right now 34 cents orcl Moving pretty nicely folding it. There's a double island gap actually. I haven't seen one of these before I have but not for a long long time So that's one clincher. Let me say so going back to the cash index Amazon's looking terrible I got a lot of work and and that's just really talking about the retail sector I'm moving on. I guess what I do here. You know that I like to use things Stepping stones to a thought process that is interlocked into all the market not just a particular favorite area So look at this rth the van eck retail ef which has 20 amazon didn't take out the left side low Doesn't look too great in the daily doesn't look too great in the weekly and the monthly chart Taking out half the week of last month so far not that good and if you go to the xrt Xrt that's the retail uh, this is the s&p retail etf which has uh equal weighted amazon It's pretty much the same chart but that weekly chart is a lot weaker And the monthly chart is a pc which is just sitting there I don't know if that's going to get to a d at any point not for quite a while So that's just saying that if you put try to put it all together Home deeper will be the final one in my cash index c a s h And home deeper has gone to a lower low has gone from the 420 high back in december of 2021 Down to a low yesterday in the 270 sixes Just check 270 659 trough f or yep trough f there's no new Low today and so all of them. I don't really need the iai. I like the idea I'm gonna be thinking about it, but they are all negative. Oh, sorry spy. What's the s somebody said s is for spy Uh spy is s and p etf So here we go spi Also very poor took out the left side log on to a leg e 380.54 was the left side low in may and yesterday's low was in the 370 area There are a lot of work needs to be that's why i'm not getting too carried away to the upside Until I really see proof that things are happening. So let me just do this quickly I want to do I don't know if I did it in I did it in the update. Look The dollars down 31 ticks a 105.17 The mac d is still strong nothing like it was when it was making the high at 105.01 back in may The stochastic was beautiful in the flat up in the 90 percent area And then it plummeted down to under under 10 percent And then we got a major turn to the upside from about 101 area and I popped up to the most recent high of 105 79 I forgot to put the number here 105 65 so I got a feeling we maybe might make the d here Because the technicals look at this 97 percent in the stochastic. These are fantastic technicals you're going to have to have Some reaction to the Fed that absolutely says Dollar is done for now. If you look at the u.r. U.s. D This is the euro dollar currency pair. This is that dreaded a so far successful. It hasn't taken us at 1.04 2 um 0.0019 I can never get those right The left side low 1.035 back on the 13th of may Screamed up to the peak c1 c2 in the chivalry methodology at 1.07 8 And now it's pulled back and the daily and the weekly are suggesting We're not quite ready for a major move to the upside. Oh, you could have a bit of a pop But I don't see that now. Let's go to the dollar yen currency pair the yen right now USd jpy There you go That's in leg c So I I don't see me ready right now for the dollar pullback It could come very soon. Look at this potential doji candle in the uh weekly chart But trading at 134.46 down 99 cents Uh, all I can say is or 99 ticks. Um, it's in leg c. There's no other a Oh, I could account for this or not as a chivalry phantom peak 130.188 130.242 Maybe I could call that a phantom peak b. I'll make that rare. That's a c and that becomes a d But look at this the baggy strongest guests 95 It's just gonna have to be some really crazy effect news later on today that either tanks The yen and the dollar Where else they says they can go a little higher before they start to go back and look at this Gold is up 9 of 10 at 9 23 But way below all of you who have it I'll be back in a moment how the chapter doesn't drop the speed of 22 Are you in the market for buying or selling real estate in the bay area Including the surrounding st. 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That's 727 329 83 22 call us today Technology around us is changing every day With so much happening it can seem impossible to keep up with all the information David white's investment newsletter the technology insider is designed to give you all the information You need to understand the technology that shapes today's markets and tomorrow's future David white has made his living staying on the cutting edge of technology His weekly newsletter will give you specific recommendations for value tech stocks as well as entry prices target prices and stops to set for each trade Dave delivers his weekly newsletters every friday with updates throughout the week You can get the technology insider at tfnn.com for only 37 in 50 cents Sign up for david's newsletter the technology insider and get an inside look at everything the technology sector has to offer Try it risk-free today with our 30 day money back guarantee tfnn educating investors Biotech is booming But for how long whether you think the biotech bull has room to run or has run its course trade labu or labd Directions daily s and p biotech three times bull and bear etfs Visit direction investments dot com slash biotech today An investor should consider the investment objectives risks charges and expenses of the direction shares carefully before investing The prospectus and summary prospectus contain this and other information about direction shares to obtain a prospectus or summary prospectus Please contact direction shares at eight six six four seven six seven five two three The prospectus or summary prospectus should be read carefully before investing an investment in the funds is subject to risk Including the possible loss of principal the funds are designed to be utilized only by sophisticated investors such as traders and active investors distributor four-side fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Hello folks. I was asked about the chapwave twin gauge. Remember I called the chapwave twin gauge because Richard arms Short-term trading index. I only use the numbers. I don't even Recall just exactly how he uses it because I've used it my way for so long It made a high of nine point eight one. I thought there was an aberration I thought it was a bad tick, but I kept refreshing and not that exactly was the price 981 I think it was round about the 18th of april. I'm just trying to check the data Sometimes if you yeah, I run about the 18th of april 19th of april it hit nine point eight one And then the market went from uh, let's see on the 18th the lowest 34 279 and a pretty decent rally for three days It went all the way to 35 256 and then it reversed Had another high gauge twin reading and it reversed after a little bit of a balance And and that was the high in fact it hasn't gone back That was the high for this whole phase and then we had to move a 4.34 Well, nothing like nine point eight one But nine four point three four was the high on the ninth of I believe it was the ninth of may and And the high and the doubt at that time was thirty two thousand seven fifty two That's a may And then there was a bit of a bounce for the next day and a half And then it went to a lower low and then it had a bounce but it never took out that high and went even lower Then I had a huge round now. We're looking at six point eight four six point eight three on the 13th of june And the dowel had a high of 31 point 31 thousand 144. Was that the high? Yes And what happened was it just kept going down So I I do this and if enough times you can see I don't make I don't make these indexes up these these Technical tools they find me in other words years ago when I found this chapter wave ginge I wasn't really looking for it. I just typed in certain high numbers certain low numbers And then it it jumped out at me when I said, you know what if such and such happens and it It has a high of whatever it is in today If it's above a certain number, there's a really good chance you're going to have within two days a really strong s and p futures Uh performance to help the general market and then it could go back to whatever it was doing So within that context and if it's very low The very next day the dow should no matter how high the futures are pre-market The dow should Go negative before it goes positive again, and you can see I've I've xed out I think I forgot there a couple of times it misses. I think I've xed out I forgot to x out one of them But other times it's had a really good reading and on the upside Is that a very good reading of having at least the internet says Be as negative as you want, but just be prepared It could be a really good balance and it should come and then I usually tell you what what period of the day is going to be All right with that context Today, there's no reading and the on the chun gauge the day is young but so far no reading And all I can say is what if you look at this right side chart You can see that the dow itself Went the nine period cross positive for a period and now it's a cell It means cross negative and it's in that cell mode And now the dow is giving back some of the gains and I wanted to say I should have said it right at the beginning of the my session I wanted to say Whenever the fed whenever there's a fed speak and yesterday for some reason i'm sorry subscribers I I thought that there was not an announcement But I thought there was going to be an open a bit of a more open discussion on a tuesday About what the fed was going to do there were rumors, but it wasn't a discussion So we got stopped out of one of our positions. We got back in almost at the same level today But it actually held everything looked good. I would have been nice just to have stuck in the one position, but it's okay and So today is the real fed speed because after two o'clock two to two thirty That's when a lot of things can happen So what happens on fed speed days that whatever the mark is doing is sharply down It kind of comes back towards the fed speak if it's sharply up it will come down towards And it just kind of meanders and waits and waits and waits So all I'm I'm expecting here is and I know there are people thinking there's going to be I ripped to the upside and there are a whole Just a slew of people from what i'm gathering over the last certainly the last couple of days when I was away And people just general people I spoke to just lay people and nothing no no clue as to what I do Just the negativity was Unbelievable and that just says to me, you know what? Um F's actually, you know what we could be looking at An upside surprise in the market But I have to say in the bigger picture I still think there's a lot of work to be done based on the charts that I showed you a little earlier on So that says trading wise. Yep. We're in trading positions But in real positions, I I think we can add to those positions if there's a really nice takeoff today But there are so many mixed signals and that's what I was saying You can roll your eyes as much as you want, but I've been saying for a year and a half The reason why it's different this time Is because my mantra for 20 30 years of the Japanization of of american bond yields going to zero percent to copy the japanese A year ago, I said uh uh and last november december. I said, you know what? I think we're looking at a change Where I'm not going to talk about zimbabwe But I am looking at the other side of the coin and look at this you won't believe it and I'll show it today because it's so important Uh, yeah, yeah, we go And new there it is. This is the 30 year 10 year and five year weekly T bond and t node yields white is the 30 year brown is the 10 year and saiyan is the oh my god. Look at that. Oh, look at look at the saiyan. Look at the five year Spiraling higher Well, we've we've I don't remember seeing this for a long long time. So you've got um The the 30 34.46 we've gone now to 34.36. Let me just change that 34 Point I think I said 36 of course 34.36 is called a 36 for now 36 this is the this is the middle of the week and we're looking at what we're looking at the 30 year But look at the five year Screamy I mean talk about a yielding version. Okay. So we've got to be watching this really closely. Look at the Oh, that's what I did And that should be wood I knew I did something the other day by mistake. I couldn't figure out where it is Look at the global timber and forestry edf has plummeted. This is my one to one to the downside I said, that's conservative. The next level would be to take it uh from Doji candle that'll be this candle here Yeah, we haven't got there yet. So look at this. This is with the global timber forestry edf very weak In fact, I don't want to keep this here as if it's an important thing. I'll just make it dark there That is important and look at the um Philadelphia housing index lower lower lower keeps low making lower highs and lower lows So this is an important moment. So do you expect that? Oh, all of a sudden the fed by saying 75 or 100 basis points Is going to make a difference. It's going to take a lot more than that because The way that Trying to think super tanker for a 40 year bull market in bonds, you're not going to get a major turn Yeah, to the to the downside Uh in one split second, it takes a while for them to for the for the yields to turn So we can get these little blips and things but my my guess is that we've got to consider the yields Or a major factor And the question coming back here from Paul is why aren't banks running on interest rates again? You don't understand interest rates You know, I perhaps seem to as an economist. I as a non-economist. I have no proof of this rate Believe me. I do know about interest rates. 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It's like tennis to practice your strokes and golf whatever it is Um, and we made a peak do you remember the chap we peaked these are really important You can go to an e but it's that d you start saying are we recycling higher? What are we doing? What I went from a d to an e back at 8 50 this morning and then pull back sharply made a cup formation Remember the patterns three patterns we look at cup formation arch formation a straight line So these are two cup formations and it makes a formula and then it goes higher Pulls back starts a brand new move And what does it do? It starts to rally at the 200 look how important this orange line the 200 period moving averages And what does it do? It rallies from a low at about 9 35 It goes peak a b c d and then it has a recycle it goes peak a b c and it makes a doji d Right there as the show was starting at 10.09. I drew that in Um put the down arrow in and now what happened is it went from green to pink and that's a negative and since it's being pink at about 37 88 the two the one minute e mini As pulled back and it's now it's 37 66 it tried to hold eight times at the 200 period moving average that became support then resistance and now it's failed And that's how important these taking you so a couple of people have asked me about Would I be able to do this? Maybe during the show a couple of times? Maybe I'll do it tomorrow I'll do a couple of maybe tomorrow and Wednesday and Friday. We do some live stuff So k e uh k. Yes. I think I will I'll do that k e w b This is quab. Quab is the china cranish crane shares CSI china internet etf Made a high of 144 plumbers down to 24 now it's spectacular ready to 34 peak a b c and made a d and now it's Engaged it's gonna I think what happens with the market today does only up 1686 be careful You want to see what the market does? I don't care what the The Fed says what does the market do if it's over 190 points at 245 soft, that's a good sign If it's 190 points, that's a lot to say I'll see