 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. This is awesome. Come on. We're going over to Paris. What's happening? Hey, Tom. It's Adam from Paris. How are you? I'm doing great. Adam yourself? Good. Long time no talk. I appreciate everything you've done for me and my family over the years. We appreciate you proud of our problem with us. Yes sir. I've done the Gold Reports and all the softwares and all your books and it's generational. Thank you. You're welcome. Thank you so much. Appreciate it. Yes sir. Now, Tom O'Brien. Welcome folks. This is Tom O'Brien of TFNN. We're here 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 grows. Hope everyone's having a great day, safe day. Let's make it a great day and a great month kicking off June 1st. Pretty wild. Cultivate wisdom. You don't need to accumulate knowledge to become wise. Anyone can become wise. When you become wise, you respect your body, you respect your mind, and you respect your soul. When you become wise, your life is controlled by your heart, not your head. Not good wise. Let's take a look at it out here. We have the Dow Industrials trading up $252, Nasdaq's up $202, S&Ps are up $48. That's a gain inside the Nasdaq of 1.5%, 1% in the S&Ps, and 7.10% in the Dow Industrials. Gold. Gold contract up $12.10 traded, excuse me folks, trading at $19.94 an ounce. We have silver up $0.37, $23.96 an ounce, light sweet crude up $2.70, $17 a barrel, notes and bonds. A 10-year note, up $9 ticks, trading $114.24, the 30-year up $18 at $128, excuse me, $128.29 and Kingdoll. Kingdoll is taking on the chin out here, it's now at $772 ticks, $103.55, the Euro is trading at a price point at $107, the yen is at $138, and the British pound is at $125. I'm sorry folks, excuse me, to one U.S. dollar, I think it's something in the studio, man. iPhone number is 877-927-6648, give us a call folks, excuse me, I'm in the real, I don't know what's going on in your world, in the world of the S&Ps, let's take a look at them out here. So there we go, okay, so you get the S&P, right now it's up, the spy's up $5. You only get $58 million shares traded, but the bottom line is that, you know, you're only coming into a lot of the $72, so it's going to do that number, sorry folks, the next swing point up here that this is going after is that $4.31, right now you're $4.22, $4.31's the next swing, that's what that S&P wants to go after. Let me take a look at the NDX100, the 3Qs, look at the 3Qs, the 3Qs right now are trading up $5, $373, that number is $371, that's the next number on here, meaning the next swing point, next swing point is up there at that $371, you know, the swing that it took out and it's way away from it, now was that $3.24, yeah, $3.34, I can't believe I keep sneezing. Excuse me, we got something in this office out, I gotta figure this out, okay, so gold, let's go to the gold contract, take a look at the gold contract out here, gold contract right now, today we get 160,000 contracts, you're trading up 12, yeah, we'll see where this goes, I mean, that's not bad, that's not a bad setup, we go look at the GLD, the GLD is coming into 7, yeah, it's not bad with the GLD, the 5.8 million, they're coming into 7, that can do that number, that can do that number, and the number to keep your eye on the GLD is right where we are right now, it's the 183.22, you're 30 cents above it right now, notes and bonds, they want higher price, lower yield, right now you take a look at this 10 year, 10 years up, 9 ticks right now, you've done 1.4 million contracts, you know, this came off the bottom, so we take a look at this, oops, that's the one I want right there, so what this did, when this came down the last three weeks, this came down to the almost the 7.6 level, so that's saying on the way back up it won't break the highs, but the bottom line is it broke its downtrend, so now you've got a huge consolidation, you're going to go back up the other side, and if we do look at the 10 year right now, the 10 year is at 3.3 today, and the high I believe is 4.2, let's see if that's the high for the year, I know it's not, interesting, so still the low for the year, check this out, this seems so long ago, the low for the year is 2.5 and the high is 4.2, and then we do 6 months, I see it was more than 6 months ago then, that was 4.2, because the last 6 months the high right now is laying at 4, we go into the dollar, we take a look at the dollar, the dollar is what's given this breathing room out here, no doubt today, the dollar is down 763 ticks, you're trading out at 103.564, some of the higher volume equities out here today we have, and you know we'll see what it's going to be a high volume day, you get Tesla up about five and a half dollars and video is up 20 bucks, that's trading at the 398 level, you get Carvera, that's a trip, that's up 350, Blast from the past right, trading 16 bucks, you get Amazon up 270, let's go take a look at Amazon, AMZN, so Amazon, yeah there's not any juice behind it, but the bottom line, let's see where the next swing point is here, well that's quite a way away, and Amazon's case, yeah we'll probably deal with 146 and we're 123 right now, that's a big number, we go over to Apple, you know these equities, once these equities have been moving they just keep moving and Apple is in the same case, Apple is trading out at 179 and cooks over in China right now saying they're going to do more business in China, more business in India, so this is approaching a tie, it's only three dollars away from its high after being down to, well that was only 174, so that's not a big deal, holy, is that right? No, 124, okay so Apple has just gone from 124 to 180 again, and it's took, well I guess five months, took five months to get up there, stay right there folks, we'll come back with our man Mr Timboard, and don't forget as you come over to our website at TFNN, our man Mr Timboard is going to be doing a workshop for us, it is next Thursday, it's going to be from four to six p.m. eastern standard time, he's going to be going over the S&P, how he looks at the market, how the different indicators that he uses, the workshop's only 295 dollars, the following Thursday is going to do another one on gold, if you go to Boltonham, it's $495 or $295 per workshop, commodities and bond markets are as important as ever right now with how they're driving the volatility in equity markets across the globe, which is why it's a great time to try out Teddy Kegstad's Tiger Forex Report, Teddy Kegstad breaks down the forex markets every Monday using his 30 plus years of experience as a trading veteran of futures, forex, stocks and options, Teddy releases his weekly Tiger Forex Report every Monday and morning with coverage of all the major currency pairs including the dollar index, the euro dollar, palm dollar, dollar Swiss, dollar yen as well as many more and he also has weekly coverage of the crude oil market and the 30 year t-bonds as they both influence forex markets tremendously. 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If you're not satisfied let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com Educating Investors. Toll free at 1-877-927-6648. Internationally at 727-873-7618. Welcome back folks to Dow. Dow investors right now trading up $232 Nasdaqs up $199. S&Ps are up $46. Let's get over to our man Mr. Tim Ord as we do each and every Thursday at 20 past the hour. You can reach Tim every trading day at odd-oracle.com and as you come over to our website at TFNN folks you're going to see right on the front page under Featured Content. Our man Mr. Tim Ord you get that great looking guy right there and you have the S&P 500 June 8th. That's going to be next Thursday. We have Gold June 15th. Tim is going to be doing two workshops for us. Bottom line is that he's going to be going through the different indicators that he uses in order to trade this market each and every day. The first workshop folks, bottom line next week it's $295. All you can go to both of them for $495. You can take your pick. So go over to our website at TFNN. Real easy. Just sign up right there and you are off to the races. Tim Ord what's going on? Great. You're talking about that picture. That picture is probably 25 years old. I love that picture. I know. That's a beautiful thing man. Yeah, beautiful thing so we'll keep it. But yeah I think you have some charts. I just wanted to show where we are on the S&P's and we'll start with chart one. I can go back a lot more in time. But the whole thing kind of remains the same. So I went back I don't know several years. On the first shot, is that with the McCall and Oslata? Yeah, McCall and Oslata which is the top window and shows past you know the bottom in 19. In a nutshell, the whole thing is panicking and there's different indicators you can use to find where panic is. And you really want to, you know, basically be along when everybody's heading to the exit door. You want to be the guy on the other side going in. So you've got a lot of different indicators kind of get you pretty close to that level to find out where, you know, the opportune time to really go into the entrance I guess. So there's a pretty good indicator for that. It's not perfect, but it's pretty good. But right when you get up, I'm sorry. So when we're looking at that chart, right, would you say that the panic came at the beginning of March? Is that what we're talking here? For which bottom? Well, that's what I'm trying to figure out. That's what I'm asking, right? Was it at the bottom of the consolidation that we just broke out of? All was it at the bottom of March? I know what you're saying. Actually, I'll lead right up to a look. Go back to that bottom in 2019. Okay. And my point is, well, McCall and Oskler was below minus 300. Now it's kind of like a climax. Then you need a rally to show a sign of strength. Just like we said last time, you got to have a selling climax. And right after it, you got to have a sign of strength or a sign of strength for the McCall and Oskler. This is NYSE McCall and Oskler. Yes. That's go from minus 300 to plus 300, usually within 30 days. Okay. And that's what happened in 2019. And again, that happened in March of 2020. The COVID crash, I guess, might say. Then what we had here in the current time frame, we had a McCall and Oskler hit below, actually hit minus 420 in October of last year, then went to a sign of strength above plus 300. And again, it went back, it looks like about March or April, probably March of this year hit below 300 again. And in early April, it went back above 300. My point of this, we had two buying and selling climaxes in that bottom process, in the current bottom process, which basically started last October. Yes. So that's pretty rare. You can go back far as you want. You really, I can't remember finding two, but this time we got two selling climaxes, two buying climaxes. So this market's pretty persistent. I tried to go down again, went to a selling climax, so we got two. To me, this has more power. It's kind of hard to understand. No, no, no. Hey, we get it. This is awesome. This is what we're going to go through, because it's so cool here, folks. Watch this. That's why I was asking Tim this question, because when you put this up, that's how much fear there actually was only on the March pullback, which only got to 3808. So that's pretty cool in the context of what you're talking about, Tim. You see what I mean? It's like, okay, you know, you think that when you're talking about, you know, panic, that would have to go a lot lower than that. But the fact of the matter is there was panic in the marketplace. And we didn't get out that much. But of course, what matters is that how fast people are selling, correct? Right. There you go. You're exactly right. So we didn't even reach down to the October lows. We went down for eyeballing here. It looks like a couple, three weeks. You know, and panic exploded to the downside. That's so cool, man. This market is what I'm saying is, this implies this market really resilient. Right. And so it's got some power to it. You know, it's, you know, previous times when you got down, just one time, selling climax to a buying, selling climax to a buying climax, you know, that was the bottom. You went straight up. Right. And here we got two. So I'm thinking, you know, this, this, this market has more power to it. There's another thing too. Everybody's talking about the market is whatever, you know, basically the market doesn't really, the market, the more money you put into the economy, which is what the current president is kind of doing. A lot of that money is going to find its way into the market. As long as that money supply is, is expanding or accelerating, you're not going to have a bull, you're not going to have a bear market. When they start taking money out of the economy is when the market really starts to peek out and go down. So as long as money supply is kind of expanding here, no matter how bad the news is about the economy, there's too much money in the economy, I think, for the market to go down. Right. Even though what is happening is that there is money coming out, but there's more money going in too. I'm with you. I get it. I get it. Trust me. I know. So I'm, I'm saying that's how bear market is going to go. So our next president, it was Biden again, when the market may continue with the next president could be, we don't know, but if they restrict the money supply, I think that'll be the time you start getting a pullback and the indicators will show it too. Right. So, right. But anyhow, this is, this looks really good. In my opinion, the market tries to go down. It can't reach its panties and the smart money comes in and rebies it. So the smart money bought over the last approximately six months or so, they bought twice. And so the public, in my opinion, is kind of out of the market. They're afraid of it and the smart money is buying it. Yes. Now, listen, I got this is, this is kind of intriguing, Tim, in the context of what happened yesterday, right? So yesterday, you know, I'm in the weeds here on this, but the bottom line is that all the indices, you know, like they went down and the volume exploded. Yeah. Yeah. You know, so it's like, well, how do you look at that? Well, actually, you gotta watch, let me, you know, they're really going to take out, didn't quite meet the parameters, but every time you get a 30% increase, say the market's going along at 100 million shares a day, approximately 80 to 110 or something. Yeah. And all of a sudden the market explodes and has 130 million shares. That doesn't matter. It's up or down, but the volume expands like 30% or more compared to the days around it. A lot of times that's when the exhaustion move, whether it's up or down, the market will at least stop because all that energy is wasted. You know what? You have a 30% increase in jump in energy, that's going to stop the market. And that's what happened yesterday. It didn't really expand 30%. No, it was just in the close, I know. Stay right there, Tim. We're coming right back. Stay right there, folks. Come right back. The gold report. As a precious metal, gold is still king. It continues to hold the most effective safe haven and hedging properties across the global major trading hubs of the London OTC market, the US futures market, and the Shanghai Gold Exchange. The gold report. 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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. 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. Welcome back folks to Dow. Dow Industrial is right now 183 Nasdaq's at 171, SAP's are up 39. We're talking about, man, Mr. Tim Moore, and Tim's going to be doing a workshop for us folks next Thursday, four to six o'clock. You can sign up for that right on the front page of TFNN. You're going to see it right under featured content. Okay, Tim, so do you want me go to the next shot now? Yeah, this is kind of a, you know, we keep talking about panning. There's a lot of different types. Yeah, go to chart number two. Okay. And I just want to show, you know, there's a VIX, VIX is the volatility index, and there's a VVIX, which is VIX of the VIX. Yes. And you can actually substitute the VVIX for the VIX, but anyhow, it seems to work whatever reason the VVIX seems to work better to find short term lows. Okay. And then when the VIX goes up, that's kind of like everybody's on the put side. That's how the VIX is kind of an option related indicator. So and puts are when the acceleration and put value, that means people are paying up for puts, and it means that they're scared of the market. Actually, I don't want to get a bunch of details into it, but VIX is a good fear indicator. Right. That way. And the VIX and VVIX is also as good as the VIX, as the VIX. Yes. What I got here, the second window down from the top is the VVIX. And the bottom, oh, okay. Okay. The second window up from the bottom is the rate of change, the two-period rate of change of the VIX. Okay, cool. Of the VVIX. Right. So it measures the acceleration of the VIX. Yes. So the faster the VIX goes up, that means there's kind of, there's panic in the market. Yes. That's what the VIX, that's what the VIX does. So it's another form of panic. It's kind of like the trend. Well, it's not even like the trend, but it's another fear indicator. Yeah. It's another panic indicator. Right. So anyhow, so what I did on this, I combined the acceleration of the VVIX and compared that to the 10-day trend, which is when anything above 1.2 on the 10-day trend is showing panic. Yes. So anyhow, I went back over the last, I don't know, looks like about a year here. And also, the top window is the RSI for the VIX. This is kind of another acceleration thing for the VIX. Yeah. So what you're trying to do is measure how fast the VIX goes up and the faster the VIX goes up is the higher degree of fear. Nice. So it's another panic indicator. And when you look at this chart, folks, okay, that what Tim has when it says ROC, that's rate of change. That's what he's saying. This is pretty cool, Tim. Yeah, I got it. Okay, cool. Yep. Yeah. And so the RSI, so anyhow, so I just went back and took the rate of two-period rate of change of the VIX and compared that to the 10-day trend, just get more confirmation of a bottom because when you're stepping in front of a car at midnight, you know, you want to have some assurance that you're not going to get run over by the market. That's right. So you try to find good indicators that tell you where that car is going to stop before you get run over. Yes. And that's what these charts are designed to do. But anyhow, if you look back in June of last year, you got the bottom window is the 10-day trend. And it's way above, it looks like about high, around 1.405. Yeah. And the rate of change of the VIX was at extreme level, about 25. And the top windows RSI for the VIX didn't quite get to where you needed to go, but it did help you check out the bottom. So that's what these two indicators kind of do. You want to see fear in the trend and you want to see the VIX rising rapidly. And so that's how you picked that shade of blue areas is where those signals came in at. So that's how you get kind of confidence that up here kind of a short-term trader, you don't do some moving averages way behind the time frame. You're picking where all the pain is happening at that point when you step in. Right. If we were watching television at that point, everyone would be saying, oh, we're going to hell in a handbag, right? That's what normally happens. Right. That's exactly what you want to hear. Hell in a handbasket, you go look at your indicators and see where they are and make sure they're in the hell in the handbasket. They are, you step in. Right. So that's the reason why my seminars or webinars are all going to be kind of panicked. There's a lot of type of different panic indicators that use the VIX, the trend, the tech. And getting to understand these folks is so cool because when you combine them, I can tell you that, as I told you last week, the first workshop that Tim did for us, and I'm going back to 1994, 1994, that is, folks. Wow. You're getting pretty old, Tom. I start counting backwards at 60, Tim. Right now, I'm only 52. All right. I wish. Anyway, this is cool. That was 94, yeah. It was 94. Way back then, huh? Isn't that crazy? I know. God, that's 30 years ago. It is. Almost 30. It's crazy, man. That was a fun time. That was. Yeah. Actually, the first time I met you, I remember you picked me up at the airport. Yeah. And you had a Mercedes. Yeah. That was pretty cool. Yeah. And you had a t-shirt on that had a graphic of a suit, or maybe it was a tuxedo or something. Did I? Yeah. Instead of wearing a sports jacket or something, you had a t-shirt that had a suit on it. Oh my gosh. That was pretty cool. Unreal. Yeah. Yeah. That is so funny, man. Totally. Yeah. Yeah. So, anyhow. This is so cool. So, want to go to the next shot? Yeah. We can go to the next chart. Okay. Oh, this is the bowling jibans one. This is a good one, man, too. We've always been, you've always been dealing with this. Do you remember when I, you know, I used to have a bowling jirr on a lot, you know, when the, the market was running, because I remember he was always talking about the aspect of, you know, and you can see it kind of in this shot, like at the beginning, when the, the market loves to run up bowling jibans. And I remember asking him, Tim, saying, well, like, how long can this go? He says, well, man, he says, I've seen them climb on these bars and just keep going. And that's exactly what Yahoo did until it blew up. I mean, that's, that's almost the question that I remember asking him. But this, of course, was in the 90s before the whole market blew up. You know what I mean? Yeah. He's still out there. I think. Yes. Yes. I gave up years ago. I gave a, remember, it was, was it, I forgot his first Bob Bollinger, Bob John Bollinger. John Bollinger. You're right. John Bollinger. It was Tom McCallan. Yep. I don't know about two other guys, about 10 of us. We gave a, so I got to meet all of those guys. It was in Las Vegas. I forget it was back in the 90s and, and everybody was kind of new to that, not new, but yeah. McCallan off there been around for years because the dad kind of Right. was really into it. And Tom was getting into it. But you know, that, besides the point, let's get back to this indicator here. This is a kind of, I think I showed this last week, if not the week before, but this is charts updated to a current timeframe. And this is a weekly chart. And there's, all right. You want me to come back or? No, yeah, yeah, you stay right there. Stay right there. This is Tim Moore and Tom O'Brien folks. Check out the front page of TFNN next Thursday, folks. It's going to be an amazing workshop, two hours. You're going to have an hour and a half of getting to understand what Tim is speaking about on these. And then you get a half hour flat out. You're going to be talking back and forth because that's what you need, folks, to really get these understood. Stay right there. Tim and I come right back. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tom 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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This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Welcome back folks, a doubt. Now is up 116, now is except 135, S&Ps are up 30. We're talking with our mam, Mr. Tim Ord, and right now we have the chart we have up, and we are going over is the Bollinger Band Pinch. There we go, Tim. All right, the bottom, this is the weekly SPX, right? Yes. Okay, the bottom window is the five-week average of the SPX to VIX ratio. And we showed, I think they showed this a couple of weeks ago, can't remember, I think, but it's kind of a repeat. I just wanted to show where we are and what's happening. Nice. When the weekly SPX makes higher highs and the five-week average of the SPX VIX ratio makes lower highs, you're heading into a top. How cool is that? As far as you want with this, but the VIX is saying, the VIX is starting to go up as the SPX goes up. So when you both are going up, so what happens, the mark's going up and the VIX is going up showing that fear is starting to enter into the market. Yes. Now folks, yeah, that right there is worth the dollars for the workshop, because listen to what Tim's saying. That is so cool, Tim. It's amazing. Okay, I get it. Yeah, so I think I wake up in the middle of the night thinking of these stupid things, and I go back and try to create charts to prove that point or disprove it. Yes. And I came up to have a couple of years ago, and I went back and tested it. Didn't really work that well on a daily, but it seemed to work really well on a weekly. Okay. But anyhow, it did work back at the, well, actually the, yeah, the March of 2000 decline, which nobody, that was the COVID decline. Right. So nobody really, I was back there, and I really didn't see a top-fitting consequence, because I didn't have this indicator at the time. But that picked out the COVID decline, if you can see there, the SPs were making higher highs, that ratio was going right down. And it picked another top in, you know, the January of 2022. You know, you made a divergence there. So it's pretty cool, because now you have the indicators for the lows, you get indicators for the highs. And now talk to me about this Bollinger bin pinch above it. All right. But you're talking about the Bollinger bin pinch on the weekly SPX, right? Yes. Yes. Right. So we're starting to pinch together. Okay. So even though, if you look how narrow the market's been over the last month, you know, month and a half, whatever, or actually since beginning April, so about two months, and the pinch is starting to really come together, so we're probably going to see acceleration. The pinch doesn't tell you what direction it's going to be. You just tell you the acceleration of low ball utility, you're going to head to high ball utility. Okay, cool. And so if you look down at the five week SPX fixed ratio, Yes. The S&P has been moving sideways basically since January of this year. Right. It just hadn't gotten any really, or February, depends how you look at it. Hadn't really gone anywhere. It went down, came back and kind of just hugging other January eyes right now. But the SPX fixed ratio is making higher highs. Right. So that's bullish. That's bullish. I get it. Yeah. You're going to break up, not down. Right. No, I'm with you. So the other way around, if the SPX was going sideways, and the SPX fixed ratio is making lower highs and meet down, this is the opposite. So we're going sideways going up. So at some point, probably, I don't exactly what day or anything could be June, July, but we're probably going to see some sort of a decent surge. You know, whatever news is going to be, don't know yet. Right. There's a surge coming. And then if we go to the next shot, which is the daily percent index and the bullish percent index of the gold miners. Okay. All right. We'll do that real quick. The whole point of this thing is... No, we still get four minutes to him. We get still four and a half minutes. So... We got four. Okay. Yeah. We got four. When you have the bullish percent index of the gold miners index, what it does is measures percent of stocks that are point and figure bicycles in the gold miners index. Oh, the point and figure. That's right, man. Okay. Cool. Okay. Yeah. It measures all the point and figure bicycles. So, you know, the top window there is a bullish percent index for the gold miners index. Every time it got to 95%, another 95% of the stocks in the gold miners index were on point and figure bicycles. Every time that happened, at 95% or higher, the market was at the top. Yeah. Every time the market was down below 8% or less, now there's only 8% of the stocks in the gold miners index were on bicycles and virtually nothing was on a bicycle. Only 8% of the stocks were at the bottom. And so, when everybody gets really bullish, anyhow, right now we did have that bullish percent index. It got down to 5% here back in late 2022, probably November or December. Okay. And that was bullish. And so, that pretty much matched where the bottom was in the GDX there. That blue line goes down. Right. So, that's my point. It picked out all the major bottoms, all set for one back in 2018. You had a red line there. That one failed. And so, the other ones were at the bottom. And folks, this is what's so cool about this. If you've never done point and figure, I used to have Tom Dorsey all the time, and he was like the big point and figure guy, it's a lagging indicator that up or down. So, it's so cool what Tim is doing here is that he's using that point and figure, and you're getting the extreme. So, it's pretty wild because when you look at it, yeah, you get a 95 on that scale when they'll be saying, oh, bye-bye-bye. When, in fact, that's the sell-sell-sell and just the opposite, which is so cool. Okay, yeah. Right? Yeah, I know. Yeah, he's doing the opposite. Everybody else is doing it. No, for sure. No, no, I get it, man. And point and figure has always been good, folks, okay? But it lags in a big way. So, what Tim has with this ratio is huge because of the fact. I mean, I know point and figure pretty well. So, when I had Dorsey on, I think he had it. He had his own program. Dorsey had his own program. Okay, so let's go to the last one. All right, the last, let's see. I get the monthly GDX and the bowling jibbons together. All right, here's a, so we got a bicycle on that because everybody dumped all their gold stocks back in, say, November of last year. And this is the cumulative advanced decline on the monthly, cumulative advanced decline percent for GDX on the monthly time frames. Yep. And it's a great oscillator to keep in bull and bear markets. So, it doesn't get very many signals. The signals it does get, it is pretty, it's pretty awesome. Yes. The bottom window is the up-down volume advanced climbing indicators. And it goes back as far as I could go back. But what it did is pretty much matched what happened in the 2016 lows. Okay. Down there in 2019 and again here, we're just airing it again. It did cross back up above the mid-bowl and span, which is what my bicycle was created, but turned back down again. That's pretty much matching the lows. So I'm thinking we're pretty extreme to the downside here. Okay. And so the up-down volume did give a bicycle but turned back down. But it's gone sideways since mid last year. It really hasn't made any lower lows. It just moved sideways. And it's pretty much matched in the lowest 2016 and 2019. The next chart above it is a, anyhow, it's actually above the mid-bowlinger band, which is on a bi-signal. Nice. So, and the bowlinger bands are starting to squeeze. Nice. Well, listen, Tim, this is a pleasure. As always, absolutely fabulous. And of course, we look forward to the workshop next week. All right. Thank you. Stay right there, folks, to come right back. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network at CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. These newsletters are packed full of Tom's advanced technical analysis and are geared to deliver comprehensive strategies for a successful portfolio. Get Tom O'Brien's newsletter, Market Insights, today. And try all of our products and newsletters 30 days risk-free with our money back guarantee at TFNN.com, TFNN Educating Investors. You might think that if you want to be successful at trading in the stock market, 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. 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Larry will also provide daily charts, videos, and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. 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. Subscribe to the Fibonacci 24-7 newsletter today, TFNN.com Educating Investors. I guarantee you this, you go to the workshop, you will look at the market differently in a monster way. Because the tools that he uses are so unique and at highs and lows that's where the bread is really made, folks. The middle's great. There's no doubt. The middle's great. You get on a trend, ride the trend. But if you can have more tools to give you a low and a high, particularly lows, you're going to basically be in really good shape. Check it out on the front page of TFNN. You just heard him go through it. He has some great tools, man. It was so cool about it, he never stops. I mean, he heard him get in the middle of the night. But listen, that's how we all are. That's what happens when you're in this business. You look at something, you say, okay, what is that? The one thing that he brought up, and I brought it up about that point and figure, that is really a cool deal. They're all cool, but I'm just saying in the context of it, because what does happen, he's taken point and figure is very accurate. The problem with point and figure is that you don't get out on time. And as he said, when point and figure is at 95, that's when like, oh, this is great. This is great. Well, it's not great. And when it's down to bottom, of course, that's when point and figure say, it wouldn't be great. Well, it actually is great. So those extremes, which we know, that's where it's at. When you're talking extremes, that's where you can get the fat inside of the marketplace. Market out here, if we take a look at this, what you're going to see out here is that still holding up. We got a little downdraft when Tim and I were on nothing heavy, man. Just enough to basically take some bread off the table. But you get 75 million shares traded. The last time we were up here, you had 72. So that's going to come in about 85 in the S&P. And if we go to the Qs, I suspect the same thing's going to happen with the Qs out here. Qs are a little light. The Qs are a little light. Last time we were up here on the Qs, we're at 63. You're 46. But the volume may come in like tomorrow, like yesterday. Have a great one, folks. Have a safe one. Come visit Tommy tomorrow morning, nine o'clock. Kicks it off. Great show. We'll get him, folks.