 Good morning, everyone, Basel Chapman here on this Friday, the 16th of December, cut the Dow down 200 points at $32,993. So for four sessions we've been making low, three sessions we've been making low, low since the 13th, since the Fed announcement. And what we're all looking at, so 34,712 on the 13th, if you look at the measured move from, I'll talk about this in my show coming up, the Taipei Traditions Hour. If you're looking at the vertical move from the 1st of December at $34,595 to the balance to a new recovery high, the technicals were failing and that was suggesting that there was a weakness to come and the 200-period moving average of $32,600, $500 that area should be tested and then we might just be stuck in a sideways consolidation phase rather than smashing to the downside. We'll see. As we made a lower low, it also had the same thing from the 1st to the 13th and was fascinating and came within, what is it, less than a dollar of the high and now it's turned back so many hours. I'll show this in my Taipei Traditions Hour coming up. How many double tops have been made within panties, it's incredible that that happened. QQQ, QQ, so the S&P is down 26, 3868 was down much lower earlier on in the futures. The QQQ NDX 100 trading vehicle down 61 at 276.31 had a peak F-top pulling back quite sharply underneath key support levels 276, really if it goes under 273 that's going to be a big move next week but I think it's going to try to stabilize in a few days. We've got IWM Russell down 174.39 down $1.32 so the small caps are not showing any strength. Gold took quite a hit yesterday but it's still hugging the 200 period moving average. The way that this 200 period moving average is a magnet is quite incredible. Gold is up 14 at 1802 until it gets into the 1855 area. This magnet is of the 200 period moving average is going to be there looking at the dollar the dollar tried around yesterday didn't hold and then all of a sudden towards the end of the day it ran up and today's down to 7 ticks at 104.55 crude oil is making it just it's just not showing strength at this particular point in the TLT that's bonds has a high level consolidation down $1.63 at 106.69 check out my opening call daily newsletter I'll be back with