 is a presentation of TFNN. The Tom O'Brien Show is produced every business day. Tom takes your phone calls toll-free at 1-877-927-6648. Internationally at 727-873-7618. Let's go to Ben and San Jose. Ben, what's going on, brother? Hey, Tom, how you doing, man? I'm doing great, man, yourself. I just wanted to thank you and your team and everything. I've been using your technique with the 10-minute charts, watching the bigs, and just making a fortune here on the futures. Isn't it interesting? That's awesome, man. It's wonderful. Thanks, Tom, I appreciate it. OK, man, have a great one. Have a safe one. Now, Tom O'Brien. Folks, this is Tom O'Brien of TFNN. We go five days a week. We go seven hours a day. We go 24 hours a day in the internet at tfnn.com. Always remember, folks, whatever you think about, you bring about whatever you focus on, gross, whatever it's having. Great day, safe day. Thanksgiving's coming up. Gobble, gobble, gobble. Be impeccable with your word. Manifest your true intentions. Manifest is where it's at, folks. Regardless of what language you speak, your intent will be manifested through the word. What you dream, what you feel, what you really are, will be manifested through what you say each and every day. Mock it wise. Let's take a look at it out here. We have the Dow Industries down 51, Nasdaq off 76, S&Ps off 8 and 1 half. Gold, gold contract up $21.80 trading at 2,022 an ounce. We have silver up 29 cents, $24.25 an ounce. Light, sweet, crude, flat. $77.90 a barrel, notes and bonds, a 10-year note. Up for ticks, trading 108.31. The 30-year are down two at 115.24 in Kingdala. Kingdala right now trading up 118 ticks. 103.556, Euro 109, Yen 148 British Pound, 125 to one U.S. dollar. Our phone number's 877-927-6648. If it's called folks, wanna know what's going on in your world and the world of the S&Ps, let's take a look at them. What do you have? Well, we get a heck of a rally. There's no doubt about that. And we take a look at this, you know, the bottom line is that you took out the B point, took it out with volumes about a week and a half ago. This Friday, right there, before the gap higher, you took it out right there, that's a 462. Thus far, we've hit 454. So 462 is not gonna be that hard to do. My take is that that's where we're going. We look into the NBX, the cues. We take, and as soon as NVIDIA comes out with numbers after the close, these cues are gonna be cooking. And what the cues did do, the bottom line is the cues blew away their swing point, the swing point that was up at high there. Right now, we're at 388. And we take a look at this, baby. And you can see, you know, you get this run here. I mean, the next number here is, yeah, in the 400s. And if you take a look at this, this is what's really intriguing to me, is that the second get-go down, well, even if we take a look at the, yeah, the second get-go down, meaning we only did a .382 retracement. You know, from the lows that would happen in March, to the highs that happened in July, a .382 retracement folks are saying, you know, you can have another ABC structure on the way up. I know that sounds bizarre, but bottom line is that you can. Now, if I go over to Microsoft, what you're gonna see is that, you know, you get the deal with Microsoft's open AI, the whole battle that's going on there. You know, you get four non-profit directors, because, you know, open AI is controlled by a non-profit. That bottom line is that said, see you later. Like, you know, I want all your money, but I don't want your ideas. So we'll see how that shakes out. But the way Microsoft's set up, man, Microsoft's set up for an ABC structure all the way up to 417. And right now you're 372. So you're talking about some numbers here. And then if we go into the dollar, what you're gonna see, we take up the dollar. You know, the dollar's cracked. And it's not only cracked, but what you had is this, which is kind of cool. So you got to the high. You came off the high just slightly. You tried to make it up to the high again, couldn't handle it. All of this in here, and this is what makes this downdraft so powerful, all of that, if you're watching Tiger TV, when we went sideways for approximately a month, that, each and every time that there was any juice, meaning that you go lower or higher, in this case, we went lower with conviction. That brings the aspect that we'll probably get out of the end of it, meaning the end of this consolidation, much higher. Particularly because where we should've got some support, it ran through like nothing, man. 104, 599, which was hard on the way up, was nothing on the way down. So the bottom line is that when we take a look at this, I suspect we're gonna go there first. Now I'm gonna bring this on a larger basis, because when you change trend, okay, the bottom line is that we'll see what ends up happening when we get inside of this, particularly about the 100 mark, okay? 100 is not a magic number. But if you do break this, okay, and we get down to that 99, well, guess what? Then you're talking about an 88. And we haven't been down to 88 since 2017 or 2021. That's how this thing sets up. So, big numbers. And we go over to the bonds. You go over to the bonds. The bonds might take higher price, lower yield. What we did do out here today is that you had the, you know, you can tell by looking at this, okay? You broke the downtrend, meaning downtrend in price, uptrend in yields. You broke it with conviction. You can see the long price movement there. Plus we have volume, okay? That's saying that we are on our way back to about a 3.7 inside of the 10 year. And that seemed like a huge number, you know, only three weeks ago, but guess what? We're at a 4.406 right now. So that's not gonna be that hard to get. That's the bottom line. They came out with the minutes, the minutes of the last Fed meeting. And the bottom line is that inside of those minutes, folks, okay, they're basically on board that they're gonna proceed carefully. And guess what? The rates are, rate hikes are over. And what has happened already is that the market is pricing down the rates, just as the market priced up the rates when we were at 0.25 of 1%. When we were at 2.25 of 1%, that bond started moving approximately three to four months before the Fed moved. And that's all that matters if you're in the aspect of how much money does money actually cost us? Because it's gonna be predicated on the prime and it's predicated on the 10 year. The mortgages are predicated on the 10 year. You know, the overnight rates, the credit card rates and all this are predicated on the prime. But you take that and put it all together and then let's go to the gold contract because you go to the gold contract. This is the delayed move. Now, this is what gold does, man, too. You know, bottom line doesn't move, doesn't move. All of a sudden the dollar's up a buck 38 and gold decides to go up 23 bucks, okay? Bottom line, when we take a look at gold, gold right now is probably on its way to 2,500, you know? So it's gonna get really intriguing watching this whole thing shake out. And if gold's on the way to 2,500, that hidden shoulders that Tim Wood's talking about, I suspect we'll come into foreshad because then you'll just have all boats rising. Dow, Dow industry's down 61, Nasdaq off 79, S&P's off 10. Stay right there, folks. Come back with us, man. Mr. Basil Chapman, we are gonna be riding this wave, man. 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In the Tiger's Den, you can look over the shoulders of Tom O'Brien 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. Toll free at 1-877-927-6648, internationally at 727-873-7618. Welcome back folks to Dow. Dow Industries right now trading down $59 to get the Nasdaq up to $76. S&P's off $9.5. Let's get over to our mammoth to Basil Chapman as we do each and every Tuesday at 20 past the hour. And don't forget folks, Basil is on our standing show here every trading day. 10 to 11 Eastern Standard Time. Also has a great newsletter, the opening call. Now you can ride Basil's Chapman wave each and every day. Come on over to our website at TFNN. You're gonna see under newsletters, hit newsletters on the left hand side. You're gonna see the opening call. You can get the opening call for one month for $149. You get a six months for 6.95, which is a savings of $199 at 22%. You get it for one full year for 11.95, which is a savings of $593, or 33%. They all come folks with a 30 day money back guarantee. When you get Basil's newsletter, you're also gonna get approximately 12 archives. So the understanding about Basil looks at the market each and every day. Check it out. It's a 30 day money back guarantee, 28, 29 day. If it doesn't work for you, just let us know. No big deal. Basil Chapman, what's going on? Well, we certainly gave you a good weekend this past week in Boston, didn't we? You know, it's amazing, Basil. You did give us a good weekend, but I am such a baby now that, you know, Thursday was, I wasn't there Thursday. Tom was there Thursday. It was good, but I've been in Florida too long. Your blood is, yeah. I've been in Florida too long. 35 degrees, you know, is not like, you know, it's 82 degrees out here today, you know. Yeah, you know, the body just gets used to it. This is the question about it. It does. And right now, folks, what happens, the fluctuation here is the biggest fluctuation all year. That's what ends up happening. You guys are getting colder, and we really don't get colder. When I say colder, it'll get down to 60, but that's not going to happen until like the last week in December for like two weeks. What can I say? Anyway, it was a great time. We had a great time, but I'll tell you something, I couldn't wait to get back on that plane, man. Well, I can understand that. But Boston is booming beyond belief. I mean, the... Did you get a chance, I was going to ask you, did you get a chance to go down to Turnpike at all? I did, I did. Did you see what's happened in Olston? It's just unbelievable. It's, folks, it is so over the top. I mean, you're talking about biotech, you're talking about health, you're talking... I met, when Bridget and I were coming home, I met the CEO of Edmund, the chairman of the board, actually, just on the rental bus, picking up going to the terminals. And he was talking about, now he's flying in, of course, from Silicon Valley, and he's just talking about that everyone has to fly to Boston. That's the bottom line. You want to do business, you're going to fly to Boston, which is pretty amazing. He was in the blood business, but biotechs, blood, health. Yeah, it's beyond belief, man. So what we're looking at here is the DAO. So the DAO is made in the Chapman Web. I'll just show this for people that are new to my work. I try to identify the lowest low bar, count each successively higher peak, alphabetize them A, B, C, D, E, F, G, all the way to G. There's never an H, but at D, the fourth highest peak when you get upgraded from a bi-signal to a bi-mode, the least I expect is a D. So where are we now in the DAO? We've gone to, we'll probably, we aren't going to do it today, it's too late. So the 35,227 high that we made yesterday, that's peak C. If I look at the S and P, did I just move something away? I guess I did, let me just go back here. If I go to the S and P, there it is, peak C. If I go to the QQQ, Q3, and of course, the video is coming out a little while, so QQQ, peak C, if I go to the semiconductors, peak C. So what I had said on the 31st of October, I'd said subscribers, we're going to grab, I want something that has the DAO, that has the NASDAQ, it has the QQQ, it has the semiconductor, not the semiconductors, but the XLK, which is the S and P select tech sector. I want that, and we chose Microsoft and we were lucky, we bought it at $338, $338, and Microsoft yesterday hit 378, so it's a 40 point gain, but it is at a D, and it is a little extended, but if you look at the nine period moving average over the 14, that is still really strong. The MACD is strong, the stochastics are 91, so I still like this very much, even though it's broken out to all-time highs. We were very fortunate today because of stock that we've had for a long time from the, I've mentioned to you many times, Symbiotic Inc. end-to-end AI, robotic warehouse automation systems, we're in at 21, we've taken a little bit off, I keep, we've been trying to get in for an add-on to what we've taken off, it's been kind of tough, but today, after earnings yesterday, it's up 37%, it's at 51.20. Congratulations, that's amazing. Yeah, and it's in an area that I think this is what's needed, robotic warehouse automation systems, so I like it a lot, so very fortunate with that, and then I'd mentioned to you UEC, which is Uranium, which is very interesting because it's in the energy area, but not spoken about very much. It made a new recovery high today at 6.54, this is Uranium Energy Corporation, UEC is the symbol, it's doing very nicely, it's also a little bit overboard, but all the technicals are actually very strong, just the unbalanced volumes are a little overboard, so we're in at 364, and it's trading right now at 6.43, so also very nice. You got some big action, Basil, yeah, nice. So, but this is, I think it's going to get a little harder, I'm looking at all the technicals, and I'm waiting for a peak D because peak D is where we always make a decision on whether to, what we're going to do, whether we're going to short or within three days after peak D, if there's a new high, that can be treated in a completely different way, so all the Chapman Wave methodology is going to be tested over the next three, four sessions going into next Monday, and I'm looking forward to it because it is a challenge, but the positions that we have are so far doing, while they're in the sweet spot, and that's the most important thing. If you look at the market overall, even in the gold stocks, I was going through them this morning, or yesterday, or today, yeah, it was today, and we're talking about how it's very selective, gold is done beautifully, but the GDX always like to see gold, the GDX gold miners lead gold, and if I looked at many of the stocks, many of them are not participating, but the ones that are are doing really well. Yeah, inside the GDX, what you have, the two largest weightings is Newmont and Barrick, and they're both dogs, that's what you're looking at there, that's the bottom line. But everywhere else, I think, I mean, you're looking at, so I like the fact that gold has now become a little bit independent, I thought it was, because I'd say it mustn't be related to the Middle East, it has to be not a geopolitical currency of insurance, it has to be on its own, and I think the action between gold and silver, especially since silver has really started to lead a little bit, I think now you've got something that's viable, especially with the dollar, which is in a sell mode, in the daily chart, 102 is really the support area when I do the symmetry of the left side to the right side, that's the level I'm looking at to see exactly what happens there, but I think that at the end of the week, I'm gonna have to say that the weekly chart has gone from a sell signal, maybe to a sell mode, and then I think that it frees up a lot of areas, maybe even bonds, so we're looking at, this is becoming a little simpler in terms of the market action, because folks, come on to our website at TFNN, you're going to the newsletters, you see the opening call right on the left-hand side, guys, I have a great one safe one, we look forward to the show tomorrow. Thank you, Tom, you too. You're going to need a crystal ball, after all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts, you might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices. Get the opening call newsletter by Basil Chapman in your inbox every day. First-time subscribers also get a 30-day money back guarantee, if you're not satisfied, let us know, and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. 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Go to TFNN.com and hit Watch Tiger TV. That's TFNN.com and hit Watch Tiger TV. Welcome back, folks, to down investors right now in 76 Nasdaqs at 79, S&Ps off 11. And folks, if you haven't test driven the Gold Report, bottom line, get over there and test drive it. I mean, this thing's moving, Gold's moving, the equities are moving. When we were just talking to Basil, yeah, inside the GDX, what you have had is that Newmont and Barrack, they've been dogs, but they even stopped moving. And inside the GDX, those are the two biggest weighting structures, okay? Which, of course, makes a difference. They're almost the 50% of the GDX. That being said, guess what? You get a lot of them moving in spades. Particularly what has happened, if we take a look at, yeah, just take a look at this one. This is a major breakout here. And we do own it, okay? But if you take a look at this, what you're gonna see, you busted that, you know, this is wheat and precious metals. You're gonna see, this is a, this is a, you're gonna see, that's a true bust. Bust top side, have the volume behind the move. Bottom line, this is a silver broker. That's what this baby does, you know. Silver's on its way. And when silver starts moving, you actually get some real action out here. You got Tim, Al? Okay, cool. Let's get over to our man, Mr. Tim, what is he doing every Tuesday and Thursday? And don't forget, you can reach Tim every trading day at odord-oracle.com. Tim Ord, what's going on, brother? Well, we're looking at some charts here. Well, looking at some charts, yeah. Well, first off, congratulations. I mean, you really hit this thing beyond belief. First, you hit the gold, and then of course, you know, bottom line, you hit the S&P, and this is one hell of a rally, Tim. Yeah, well, I tell you what, I don't think it's over. I know, listen, as we go through these up and I know, I was saying to Jacob upstairs, and this is the, would you have also, folks, this is like the perfect time scenario for this to happen. But yeah, well, that started off. The first one, we're looking at, I have the first shot up here, Tim. All right, so it's chart number one, which is the S&P, this is just, I've used it over the years, it works fine, and anyhow, the second window up from the bottom. Yep. Is the 10-day trend. Yes. And usually, it kind of varies, this is exactly 1.2, you know, along with the vicinity, especially out this strong rally, we didn't actually get panic at the last low. But as a market rally, it's all, anyhow, get back to that chart when the 10-day trend is around 1.2 or higher, that's all the shaded pink areas I did on the S&P. Okay, I see it, yep. And so last October, we got a bully signal because you got a trend of going around 1.2, marked the short term low, and we came down and into the late October, actually October 27th was the low, and there's really not a lot of panic in there, but as a market rally was unusual, the trend actually got higher. Okay. So, Zoniel, it looks good, and when you get a trend of 1.2 or higher normally, you got panic in the market, you got more, in general, you got more volume in the stocks that are going down, and do you think that would be bully or bearish, but it's actually bullish. So, anyhow, we got enough panic, probably to keep this rally going. Today's not an update. We're off about a quarter percent, give or take. But, you know, we got a 10-day trend, you know, tonight's probably gonna be a little higher as I put this date on, which is last night's close to 1.09, still leans bullish. So, in effect, that's, you know, leans bullish. I don't see any over-optimism, you know, where a top can occur. No, I know, because right now, you were actually running a 1.19 right now, right as we're speaking, which is so, it's like, okay, right. Yeah, it's kind of building energy. That's why I'm saying it's probably going to be higher tonight on a 10-day trend. The market kind of is building energy here, probably even move higher during Thanksgiving week. So, let's look to chart two. Tim, do you remember, I don't get you off course yet, but do you remember, you probably do, this was in, it was either 98, maybe it was 96, I don't know, between 96 and 98. What happened, folks, is this, it was Thanksgiving week, okay, and let's say we were prior to the week, and the market had been running like this, right? Well, what happened is that on the day after Thanksgiving, okay, there was only, you know, a half a day, and that day was one of the biggest days I ever saw in the market, but it didn't matter what you bought, everything went up, everything. I mean, it was like, we were all like in awe. I mean, we were all long, and you know, yeah, I pulled back that following Monday, but I will never forget that day. And I'm thinking this morning when, you know, just going over your charts, I'm going over the newsletter, I'm saying, you know what, man, this market is set up, that it'll be a liquid Friday, you know, if Nvidia comes out with some decent numbers tonight, I mean, they could run this thing on Friday that people would get to get their mind blown, man. Do you know what I mean? Because it's like, okay, you're only, you're only opened, you know, from 930 to one. Do you know what I mean? So, yeah, could it do it? I don't know, I see there's evidence that could happen. Yeah. Plus, nobody's believing this rally. I mean, I'm still getting comments. I'm thinking, you know, when are you going to sell? I'm thinking, right. I don't know. I know, I know, I know. I don't see a big problem that's, that's saying, you see, you get some verges in the VIX or the TLT, the SPX ratio, or you get too many up-to-greens on the clothes, or you get a real low trend rating. Yes. You get a lot of kind of signs that, yeah, you're getting kind of exhaustion here. And none of that's happening here. At least not so far. It can happen over the next couple of days. Sure. Maybe, but I don't think the market's going to do it. I think it's going to keep doing what it has been doing for the, you know, even though, you know, everybody's talking about the gaps. You got gaps here, gaps there. But there's plenty of time for those to get filled later. Right, exactly. So, I get the second to second. Later, you'll maybe month, or maybe in January. I don't know. No, I'm with you. So, I'm not going to worry about it. But you flip to page two. I have it. The VIX slash VIX, the 5S VIX. It's a really good sign. You know, the second one down from the top is actually the SPX VIX ratio. The only reason I do that is because it kind of mirrors the direction of the SPs. Yes. If you do the VIX, normally the VIX is up. The SPs are down. If the VIX is down, use the SPs up. So, I did the SPX VIX ratio to kind of see where it's going on. And right now, the SPs are kind of testing the, looks like about the September highs here. And the VIX is also testing the September highs. Yes. If you look at the top window, the VIX is actually making a lower low. Right, yeah, exactly, right. So, you know, usually the VIX starts going up for several days before the actual top happens in the SPs. And so far, none of that's happening here. So, you know, it's a good old one. You know, I actually outlined that time. We're on the radio back in April, May. And we were talking about that market going sideways. A lot of people bearish. We have, if you look at the VIX at that time, you know, I got it outlined there. Yes. We were making higher highs where the SPs were basically going sideways. And a lot of times, this ratio leads the direction of the SPs. Yes. It looks pretty good here so far. Yeah, just wait there one second. Tim and I are going to be coming right back after a short break, folks. We have the Dow Industrial's right now down 80 and Aztec up 93. SPs are off 13. Tim and I are coming right back, folks. Stay right there. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. 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Available to all tigers and tigeresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders. Just visit the front page of TFNN.com. This program is brought to you by VistaGold. Traded on the NYSE American and TSX under the symbol VGZ. Welcome back, folks. Down industrial is right now. Down 67, Aztec off 91. S&Ps off 13. We're talking with our man, Mr. Tim Orton. We are talking markets here. Okay, Tim, so should I go to number three now? Yeah, go to number three. Okay. This is a little bit, kind of gives a pretty good view of short-term. And usually, anyhow, the bottom window is the daily SPY, the next window up is the daily tilt to VIC or to BVIX ratio. Yes. I did the VIX, but the BVIX seems to work better. So anyhow, the tan or the pink shaded areas are showing diverges like January of 2023 as the market went up. I see that. The ratio went, yeah, the ratio went down. And in July, August of this year, now that's actually, I don't know if you remember or not, I got out right at that high. I do, I do. Yes, I do. And this ratio is one of the reasons why that ratio was markets going higher or higher and that ratio started to go down. And so Tim, this is something that we will be watching if at some point the market's gonna run out of energy. But this is something that we would be watching in the future also to see, to say, okay, are we getting there or high, right? Yeah, yeah, this thing will start to diverge. And you'll see other signs, a lot of times the trend gets way low in that period of time. But you don't, to me, I don't use one indicator. I use, if I get three or four, or preferably at least two, if not three or four all line up, your odds of success really increase a lot. Right. So I don't do, because all indicators don't work all the time. Exactly. Exactly. And so you'd be kind of multiple, you know, you have layers to them. Once you get a few layers, agreeing that a market turn is probably coming and then you got a bail, I guess you might say. Yeah, right. But we're over here in the blue part right now, the light blue part. Okay. And if you notice that the SPs, you know, kept rocking up and so far that ratio is still making higher highs. So how long, how high can we go? I don't know. That's so cool. So let's just, I want to go over this just for a second. So I see what you're saying, okay. We go back to the July, see what you're saying. This was already going down, market is still making highs, is there a divergence there? This particular case, folks, if you're watching Tiger TV, you're going to see that, you know, bottom line, this is making higher highs, period. Cool, man. Okay, I get it. I get it. Nice. And also I use this ratio, you know, once something moves too fast, it kind of goes parabolic. Yes. And normally it goes parabolic, that's usually a bad sign. Okay. And I marked the acceleration, which is the top two windows, the top windows of the ROC. Oh, I see. Okay. The rate of change on a 10 period and right below that is the RS high. Which is kind of an acceleration type indicators. All right. Both of them are 10 day, which is two weeks. And so if you get them both lined up, which is the red lines, you're kind of going to exhaustion to the downside. Yeah. And the blue line is kind of exhaustion to the upside. Which you can see that's exactly what happened when we came off that low, unreal. Okay, yep. Yeah, so you kind of watch it, is that going to be a top? Right. Because I've seen the same thing, you know, that ratio hit, both ratios hit, you know, overbought. Yes. One for 20 of them, it's about 30. Right. And so I was long, and so I kind of watched that ratio. And, and... Pretty cool. Because of the acceleration. So that was kind of worrisome sign. I held that position, and all of a sudden we started breaking hotter highs on that TLT-VVIX ratio. And they go, okay, I'm fine. Yep. I see. Because the ratio trumped the acceleration. I see. Okay, so let's go to number four. There we go. Chat four. Okay, four, all right. Let me get four here. Is that good? Do you want to do a chat floor? Yeah, chat four is good. Okay. Actually, can we do five and come back to four? Absolutely. Yeah, I get five right now. Beautiful. Oh, this is the beauty, folks. Yeah, let's do this one. Yeah. So, okay, so we're looking, you know, we're just off of that ratio of the TLT-VVIX ratio. You know, it's not showing any diverges. Well, what may happen if, you know, if you do Weisskopf, remember Weisskopf? Oh yeah. You know, to get through a neckline, you have to have a sign of strength, right? Right. Which is big volume and big price movement. Yes. Well, this whole pattern that's been going on here on the SPX going back to late 2021 could be a head and shoulders bottom. I know. And that neckline is right around that 4,600 area on the SPX. Amazing. But to get through that neckline, you have to have a sign of strength. Yep. And so what I'm saying is, the market actually may get stronger here going forward because to get through that line, you have to have a sign of strength. All right. So, so. We'll see. There may be acceleration actually. No, and listen, it would make sense. You know, what you had, you know, one of the guys that, you know, the guy that wrote the big shot to him. Okay. You know, in 2007, right? Michael Lewis, right? The bottom line is that he just closed. He's winding down his hedge fund. It's a long shot fund. He's winding that down. It's going to be closed by January because he can't make any money. So that happens, I mean, at highs too. Do you know what I'm saying? So. Right. When that happens, folks, now just to understand what happens, they got to close positions, man. So, yeah, his hedge fund has like a half a trillion, half a billion, half a billion, yeah, 500 million or something like that. Bottom line is that you can see what could happen as to how you can get a sign of strength. I can see how it would happen, you know. You're holding off, you're holding off, you're praying that the market will go down. And then all of a sudden it's like, okay, it's not going down. And, you know, it's going to get out after everyone closes their shots, of course. Okay. But pretty cool, man. So, this is quite a head and shoulders to him. This is pretty amazing. Well, if you look, you know, if you take it, go back to 2020, lower, you know, the March of the COVID crash back in 2020, if you do the Fibonacci relationship, we only trace 50% of that, you know, that, that advance. Yes. So, if we went down to 61.8%, you know, maybe we don't break the neckline, but 50%, you know, the odds suggest that we're probably going to see a sign of strength, maybe through that neckline. This head and shoulders pattern has a major target to around 5,700, which is about 26% higher than where it is once you break the 4,600. Yeah, that's 1,100 points higher. That's 1,100 points higher than we are right now, folks. Okay. Wow. Yeah, the gobs and gobs of points higher. So, have we confirmed this pattern yet? No. No. You need to confirm a head and shoulder bottom, you need a sign of strength through the neckline. And so, we're not to the neckline yet. Right. It looks promising. It does. No, listen, that's, step by step, we take. The bottom window too, the SPX VIX ratio. Okay. So, this is a monthly chart. And right now, the SPX VIX ratios is basically testing the high of the previous high there. It looks like about July. I see that. And the SPX hasn't got it back to the July yet. And a lot of times, the ratio, as I always said before, leads to the S&Ps. Wow. So, that gives you quite a bit of evidence that we may actually go up and test the July high. Yep. So, I don't know, but I see the need to come in. Stay there, folks. Stay there, Tim. We got one more segment. We're gonna finish this chart up and go to the next one. We have the Dow Industries right now. Let's see, this thing won't want to stay down. That was a 50 NASDAQ 82 S&Ps or F10. Tim and I are coming right back, folks. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights, your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. Tom publishes his daily Market Insights newsletter every market day before the market open, along with updates when warranted. 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Go to TFNN.com and hit watch Tiger TV. That's TFNN.com and hit watch Tiger TV. Welcome back folks. Talk to my name is Tim Ward. No TF folks should get hold of Tim every trading day or hyphen oracle.com. Okay, Tim, so would you like me to go to the last shot or which shot? You go to chart four real quick. Okay, I got it. Good. Yeah, this is the summation index. It looks at the bigger picture. Chart goes back to 2007. Yes. And shows the times when the summation index gets below 700 and that's kind of a capitulation of the market. Okay. So you need a capitulation, then you need a sign of strength to get a bottom going into market. Yes. And so that's how the market bottom. So if you get capitulation and you don't get a sign of strength, you're gonna get more capitulation. Okay. That's what happened in 2008. You got a bunch of capitulation kept going down and finally you got a sign of strength and that marked the bottom. But we did have capitulation, a sign of strength in the SMPs at the last low, which is what? Yes. October 2022, whatever. Well, we may be getting another one because we had a capitulation on October 27th, 2023. The summation index hit like minus 817 or something. I don't remember exactly what the number was, but we did have a reading below minus 700 is 800. My 800 stuff. So within two months, so October 27th would be December 27th. If we get within two months to get to plus 1,000, that would be December 27th, then you got another capitulation and a sign of strength. You get two of them. And normally, if you look at this chart, you only get one. And I don't know, I'm sure what two means, but it can't be bad. Right. Now, where are we as to the plus 1,000s and we getting close to it? Right. Well, I did this chart today. Actually, this is yesterday's, it'd be a minus 100. So that's where we are right now. And so we got quite a time to go yet. Okay. Okay. 20 months, over a month, so. Okay. Well, listen, man, you have a great Thanksgiving, a safe Thanksgiving. I won't speak to you next week because we're closed Thursday and Friday, Tim. Okay. Okay, man. We'll talk to you next week. Absolutely. Have a great one, folks. Have a safe one and come join Tommy tomorrow morning.