 Let's go over to IMM as the Basel Chapman, as we do each and every Tuesday at 20 past the hour. Don't forget, folks, Basel has an outstanding show here. Every trading day, 12 to 1 Eastern Standard Time, also has a great newsletter. The way you get the newsletter, you come over to our website at TFNN, you're going to see newsletters, you're going to go right to the opening call, you can view the opening call, you can get the, you can hit subscribe, you can get the opening call for one month at $128, you can get it for six months for $595, that's a savings of $173, you can get it for a year, folks, for $995, which is a savings of $541, and if you really want to get a savings, folks, bottom line, if you're at the front page of TFNN, you are going to see that we just launched the Tiger Dollar Sale for Memorial Day. We do this a couple times a year, bottom line, this is a, you get up to a 40% bonus, Tiger Dollar Sales, you can get either 20%, 30%, a 40% bonus, you can use them bottom line at all merchandise, newsletters at TFNN, no expiration date and they're totally transferable. And the way these work, bottom line is you can buy $500, you get $600, Tiger is dollars, which is $100 bonus, 20%, if you buy 1,000 and above, you get a 30% bonus, so 1,000 will give you 1,300, and if you buy 1,500, which is the max, you get 2,100, so check it out, the front page of TFNN, and of course, get our man, Basil's Chapman, newsletter, the opening call. What's going on, Basil? Hi, Tom, how are you doing? I hope you're going to set us up some decent weather. We haven't had more than one, we had a beautiful, dense Saturday, but other than that, rain, rain, rain. That's sad. Okay. Well, we'll send it up there, man, because we get some great weather. You know what's really crazy, folks, is that, you know, summer is coming. There's no doubt, but this whole week's going to be 82 degrees down here. So we'll have a great winter. It's like crazy. 82 degrees. Seriously. Yeah, and it's not human. I was just going to say, it's been raining on the market for a little while. Yeah. Nice bounce today, but at least for me, I'm calling this a bounce. And what we're looking at is this arch formation, which is, in my work, it's very important. I'll just show this briefly here, a little recap, core patterns in the Chapman Wave methodology. We try to identify the lowest low bar, and they merely count e-successively higher peaks. We want four peaks above the low bar, and that's label them alphabetically. It goes to a D. It can go to E, F and G, but D is where other things can happen. I consider that there really only three, two patterns in the market. It's either straight up and down, or it's the arch or the cup formation. And sometimes you can get a combination of the two. So when we're looking at this, I'll take that away and you'll see exactly what I'm looking at to this arch formation in the Dow. So as it was running up, we were just about to go to the D in the Dow chart on the 22nd of April. We went short the Dow, and the recovery high was 26,695, 300 points, a little less than 300 points of the all-time high. The S&P had already done that. The Qs had already done that. So this was lagging. But that was the reason why I thought this was a good short because the MACD was failing in the daily chart. On the left is the daily. Now, the stochastic was starting to turn down. And there's that arch formation within that. There's a technique that I call Chapman Wave Inside Wedge. It gives you the target and the price. And it says, if in a certain number of bars to the upside, we come down on the downside, that's where you can start to look for a left side test. So we've got that test, the low that was made back on the 25th of March at 25,372. We took that out decisively. Yesterday, we went under it to 25,222. And now we're having a bounce. So I have a technique that I look at every day. And yesterday, it flashed to say that within two days, the E-mini should have a 9 to 11 point rally, which said, so I was able to tell subscribers we can expect a nice bounce today. So we've got the, I'm calling it a bounce at this particular point. And the reason is, if you look at the weekly chart, you can see there's a V-shape formation. But within that, there's an arching over. I don't believe this arch is going all the way down. I think we're really close in price at 25,222 to at least a good part of this correction. I think it's now going to be a little bit more time. And then we'll have another move to the downside. And one of the reasons I say that is that the MACD, which was very strong when I was talking to you just last week, I said, look how strong the weekly MACD is. Okay. Moving average convergence to divergence, one of the technical tools we use. And I said that within this context, there has to be a very sharp pullback to get that MACD negative. So we have to wait until Friday because it's a weekly chart. So far, it's very close to turning across the negative. Stochastic has gone to 81 percent. It goes under 80 percent that I'm looking at perhaps a deeper decline. So for all the things we're looking at, we remain short. We've taken some profits on the downside. The other short that we had was the SMHs, which is the semiconductor. This has been a tough one, but this has worked nicely. So we've shorted the SMHs in 116s. 120.71 was the all-time high. And it pulled back to 104.93. So you can see once again, we've got this arch formation. In this particular case, you can see what I call the plum line. In other words, on the 24th of April, that 120.71 high created the same number of bars on the left to the way it was on the right when yesterday took out that left side low and filled the gap. So going from 120 to 104, that's 16 points. That's a big percentage, but it has gone 50 percent from the $80.71 below in December. So this is a remarkable move to the upside in the semiconductors. But I think now this is a big digester phase. And I think this is where I'm waiting to see whether the billing in the semiconductor industry, which has been weak all the time, hasn't even been increasing since at least I haven't got information yet. And on April or May, so I'm waiting to find out. My suspicion is that there will be an increase in billing at some point, but there's a big divergence between the price and the reality of that billing. So this is what we're seeing some digester phase. And we're still long some stocks on the dollar is remarkably is held quite well through this whole thing is holding at 97.52. What I had drawn is just to make it make it clear during my show, the Tiger Technicians Hour, say it's just a nice visual. The dollar, the dollar has been in a very nice up channel. And yeah, it remains in the up channel. But if you look at gold, gold broke out of its down channel. And so this is the first time it's broken that down channel. So I'm watching this relationship very closely. Why? Because the dollar holding well is one thing. But I had thought that if there was going to be a dollar, a lot of weakness, then we should see wheat and the agricultural area start to to move up. So the dollars holding nicely. So I have to watch it closely because if gold is moving higher, you should get the counter relationship between gold and the dollar. So I'm going to watch to see if the dollar starts to pull back here because look at this huge move in region. It might just be short squeeze, but it's the same thing in soybeans. Look at that nice balance. That's the same thing in corn. So this relationship to me now is going to become much more important because we are still on the dollar for over a year now. It's held well. But I think this in the next couple of weeks, we're going to get some evidence to say it are the other agricultural is going to really move. So the commodities move higher. Will that mean that gold will actually participate and actually break out to the upside? Will the dollar start to weaken? Or will the dollar maintain its strength? So this is a very important period right now. And we're waiting for another pullback in the market to get back into some of the long stocks that we had. And folks, the best way to get Basel's newsletter come over to our website at TFNN. You're going to go to newsletters. You're going to see the opening call right there. You can just hit subscribe month, three months, six months, a year, all with a 30 day money back guarantee. Basel, you have a great one, safe one. We look forward to show tomorrow. Thank you, Tommy. You too. Thank you. Stay right there, folks. Come right back.