 The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now toll-free at 1-877-927-6648. So a little while back I said the Dow is the leader and the others are following. Then there was a period with the Dow that was in that period going in from mid-February down to the I think it was, I forgot to put the date around about the 7th or 13th or so of March. I said from now on we might see that the Dow starts to lead again. But in a sense it's been leading and we're looking at in terms of chart patterns this V-shaped pattern in the daily chart has a Dow getting to this midpoint line and this midpoint line and let me just show you here we'll go back to some technicals. This is the rectangle that I talked about before quite some time and I said if at any stage the Dow starts to break this trend line here be careful especially if it's off to repeat D because if it takes it out we could go to the base of that line which is around about 32,900 take it out and if it takes it out you can go quite a bit deeper which we did went up to 31,429. Now you can see in the left side right at price time match I call that bar symmetry but I'm not taking it from the trough this low where there's a plum line no I'm taking it from that peak B right there in mid-March and then what happened is it went to peak C and then for about four sessions it just stalls it couldn't get above 32,634 and then all of a sudden today it popped above it but my content rather than say oh we're at peak D again and this is where each other time we certainly since December we went to peak D at 34,595. Ho ho let's get some short position I look when it did that and then went to the peak E on the 13th of December 34,712 I just better show this because I do have people that asked me could I just keep following through with the technicals just so that they know what I'm talking about let me get it there and we put this over here raise that up and let me just explain what I'm looking at here so in the Chapman wave we try to identify the lowest low bar count E successively higher bar as a floating letter until it makes a peak if you don't take out on the pullbacks after they take out the initial starting point that means you're in a in a buy mode if you're making higher highs and higher lows and if the buy signal gets upgraded to a buy mode it means that the almost always you'll get to a D it's hardly ever gonna fail but if it gets to a D that's where other things can happen it can recycle make a brand new instant restart go to another four peaks high it's a fantastic technique with a very simple concept but the application always in any simple concept is not that easy in real time because they're always alternatives and you can tell what is this and what is that well all I was expecting was that the Dow would get to that leg D then I use other particular techniques like the price time match that's the bar symmetry etc. so it's accomplished that but look at this look at the technicals were fading at that peak D in December look at the retest of the high slightly high 34,712 the Mac there was already fading the stochastic was way lower look at this peak D at 34,342 in mid-January and he had the technicals were kind of flat and then the stochastic went over 80% just for a couple of bars then boom went down not good look at this one at the peak D back in mid-February and then the price then here the technicals were still flat the stochastic was even lower so was the on-balance volume and then we tanked and we went sharp you know we use those other techniques of the chapter we Roman candle etc. now what we've got is that the technicals are fabulous the on-balance volume is a little bit overboard but that's the only thing that worries me and that's the reason why I said no we're that's a wait I'm not prepared to do anything but I did put in a short position a three-time short little aggressive there just ready I put it in the in the in the numbers of the the slots that I have for my traders corner where we have maybe 11 11 or 12 potential positions but we only actually have a few of those that we were trading but in meantime back at the ranch you can see this have been inside track repellent zone but the week has just begun and you've got an owl in the weekly chart meaning that the nine-period moving average we still have to wait for Friday's close at four o'clock but so far the nine has flipped over the 14-period moving average the magnate is so close it isn't there yet to crossing positive the on-balance volume still weak but at least at 52% sorry on balance volume is weak but rally the stochastic said 52% weak but not bad so there are signs and yeah we are ready to bump up and try to pierce that inside track monthly chart so we can break out above it but we haven't done it yet but it's at least it does up 65 now come back from that little bit of a pop and a pullback it should have been immediately 10 20 this morning we were at 10 12 at 10 20 we should be down minus 86 and then at about 12 30 we should be down about 135 in the Dow if this was going to be a one-day pop and drop so so far the day is young but so far we're up 59 in the Dow now this is the big issue the reason why I couldn't get overly bullish is because the S&P has done very well technicals are still strong but the prices stalled and is I don't like prices stalling like that it's already the third of the fourth session after that PD was made leg D was made I like 136 one bar and then you take you moved to a new recovery high or recovery low and in this case three would be okay this is the fourth day does have me a little worried but in the weekly chart it's a nice cup formation so I shouldn't complain I'm just saying what I want and what we're getting are just slightly different and we've got a divergence between the Dow leading the Dow is up 61 up 16.15 percent and the S&P is down 0.03 percent and the QQQ in the X100 trading vehicle is down $1.73 at 316.13 after that peaked in this is the fourth session and it's down 0.53 percent IWM as I said before is acting very nicely capped up it takes the lead sometimes when the others are faltering at this particular point that's all I can say now I had a couple of questions I'm gonna get to them but I just need to do this gold is up 12 at 2016 holding really well considering what it's done it's in this rectangle formation look the 9 is way over the 14 the mag D is just a negative but still pretty good the stochastic's gone under 80% so there's a little bit of weakness here but if I look at the weekly chart that's still holding really well and if you look at silver I want to put them together the silver is acting even now a little better than gold it hasn't had that slump as gold had two days ago so we're looking at gold silver up 0.21 at 25.13 so it reminds you I got an email could I look at can you look at MUX MUX is a Makuin mining it's just gone to a leg f-slash C the only reason why I have the alternate count is this I want to be ready because let me just do this and then I'll talk about it soon as we return so I like this is fabulous action daddy's accent the weekly is really good with the stochastic's better 91% I'll be back in a moment does upset me yes please I'm changed as a chapel looking at my current mine and we'll be back in a moment 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 for all the details and to start your subscription today visit the front page of TFNN.com TFNN educating investors are you looking for a way to consistently add winning trades 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 and 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 markets open to give you the competitive informational edge you need to succeed these newsletters are packed full of Tom's advanced technical analysis in our gear 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 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educating investors TFNN has launched the Tiger's Zen 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 the Tiger's Zen available to all Tigers and Tigris's 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 7-6-1-8 So we're looking at MUX which is the current mining I have it as so this is a P.D. this isn't a gray A because underneath that P.D. so this becomes E slash B F slash C still very good on balance volumes of tan overboard in the in the daily chart but all the technicals are good so what I would say is I don't know if you are long I think you're long because we looked at it once before it was lowered down I think it was in the 8th now it's at 9.54 of 39 cents a 4.3% this is a really good action so my current mining and I'm looking at it as being really positive if there is a pullback I'm going to join a rectangle okay doesn't have to be there but I'm just saying this is what I'd be looking at as key support so if the 8.20 area is going to be key support if there's it can't be just be a little pullback in the gold and silver you'd have to have something you'd have to probably see the dollar which is dollar right now as I say before pulling back quite deeply now is about 0.46 lower at 102.10 you would have to see the dollar spike and hold in the 103.35 to 102.62 area to say hey that's the level that's going to impact gold negatively so the gold can have a bit of a breath after being so strong but at this particular point the dollar weekly chart says that's going to be tough to do it's certainly going to be tough to hold any gain so I think gold is benefiting so MUX now what would I tell I think your question would be where would I go this this high that was right here in the monthly chart of March of a year ago it's 978 so we are about 30 about 30 cents off that that would be the first target but then there'll be a lot of resistance I think at the 10.20 I bet you would love me for me to say 10.20 yes in the 10.20 10.30 area but in the meantime very strong daily very strong weekly flat stochastic at 91 percent that's what you want to see in a in a bull phase and that's what you're seeing in mcqueen mining hope that helps you and another question about what was it oh RGLD RGLD this is royal gold I think this is the notation still there it's two has gone to a leg F to the upside this could be uh no it's done an instant V start it's very close E slash F sorry F slash B so far this is also really strong but I'm looking at most of the gold stocks that have done this this is royal gold the royalty company trading 139.65 up 2.84 so what I was going to do a little while back I was going to draw in I think I did then I lost the notation after redo the charts because it doesn't get saved immediately as I printed well if it does get saved if if I shut down accidentally will that happen because the power there was a power outage and you can a mental cover blew up or something like that so and my stuff shut down even though I've got back up and all that battery etc I still have to save whatever it happened it's so there's a chance that see with the falling exformation I had to say I should know I wish I kept it because this is such a nice technique it says that holding the 200 period moving average in the 112ish area look at this you go up to there that's the breakout level and then what you do is I'll make this nice and fact just because I'm showing it as a design pattern that we look at I'll make this blue for now and then I I just click on and it goes parallel in everything about that line is exactly the same I guess and then from the trough I go that way I'm making this green so make it light green like that there it doesn't show up make it some other color let me see what color I can make yeah that's not good all right so then what I do is I I'm going to go back to the green so that takes you to there one to one once it breaks above it then I'm prepared to go to the next level and say now I can go to the trend line and that trend line says royal gold has a chance to go to one 141 it's trading a 139 69 that would be the one to one chaplain wave parallel extension one to one parallel extension and the whole idea is it does it in the same number of bars or the same angle but it does it it isn't just a to b equals c to d where you've got to wait for the b to c section this is just almost immediate because you've got a breakout of the chaplain wave falling transformation which is if you break out you can go to the left side highs if you take them out do they have a chance of a one to one so in answer to the question of yes rgld which you're along uh I can't remember was it adam I can't remember now it was um sorry but I'll try to find it but in the meantime it is f slash a in the weekly chart f says whoa be careful a says are you kidding any pullback I want to buy but in fact it's in leg b in the monthly chart and uh so there's a brand new a to b fails um a to b fails oh that was a c yeah so let me just do that I can't just say it let me this is the low back in 2020 I think it was March of 2020 around about 60 he goes peak a this is royal gold rgld a to b peak a then peak b peak b pulls back sharply and then makes a peak a right there why do I say that this is also a because this is the starting point this everything above this gets counted as a peak right there so that means that as long as it's above 60 you've got to count it so this is above that may uh August high of 2020 of uh 147 64 it goes to 147 70 somewhere I picked up that it was just a little bit above when you do this enough times you I can pick that up so that says any move above this high here of 147 70 goes to 147 71 and that'll be go from a gray b immediately to a d because it picks up that c so if that helps um oh the question was where was the support so or was it where could I add I'll do them both so this is the same as all the others to be fantastic moves up in the gold stocks roll gold I would just say to you if you are looking at it and saying oh well whatever I do now I would say just take a little bit off as money management because we're almost at that 141 1 to 1 area just money management and if you want you could put it back look if you put you take it off at 139 68 right now if you put it back anywhere between 134 and 131 you're already benefiting by five points by about two percent so that's the way I like to look at this is what we do in our work uh in my traders corner my my opening call the newsletter we try to take off because it's horrible to see something go screaming we've done it occasionally we even did that once in the dollar with dollar we ended 19 it went to 121 we took a little bit off in 96 etc but we watched it come all the way back and then go rally again so I'm just saying it's money management says take a little bit off it's not a big deal if it goes higher fabulous you still got the core position but in the meantime the area between let's look at it give me a yell between 134 and 131 is that what you want to put it back or is that what you actually want to add a huge amount we'll just put back a little bit of take off right now but so far it all goes actually very well dollars now up 89 points S&P is now up 2.5 for Bells of Trafford type business hour still looking at the market positively until we get a 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 publish the gold report with coverage of gold silver bonds the 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make the right moves with your money watch online at TFNN.com or on TFNN's YouTube channel and become the investor you were born to be TFNN educating investors dot com within 28 days well anything can happen the next five six days with so far as health but is it a buy we had it as an entry point but we got out of it I just said you know I this is too much going on there's so many other stocks this is stuck kind of in a rectangle range so anyway yes correct but in the meantime back in the range a question came in yesterday and I didn't get to it about Baba Baba is Alibaba call positions I'm just saying that I think that the other areas that you can go into I still think it's a little dangerous to go into the Chinese sector this is Alibaba group it's like the Chinese Amazon is trading down a dollar 59 today 99 95 now I don't know where I don't know when the positions are closed because this is April April will be the third Friday if it's if it's a monthly it's on the 21st but if it's this week it'll be on the 14th what are we what are we doing am I correct yes it'll be on the 14th so I just think it's stuck but as a very short-term trade I'm just going to suggest that if if Bob Alibaba tests 98.10 support and then breaks that I'm not sure by Friday you might get one part but that wouldn't be the position that I'd be looking at and I personally would not be looking at these there are so many other things I mean look taken Amazon itself Amazon made a peak D this is the fourth session it's weak today again minus 2.39 I think that this is quite serious so folks for any of you who didn't get a chance to listen to Tommy O'Brien show the morning market kickoff he was discussing M1 M2 but he was discussing M2 mostly and M3 M3 is just a total amount of money that changes it's it's the the momentum of money movement and I I remember way back years ago waiting and waiting for that Thursday report on the M1 then it became the M2 supply and then M3 just very briefly and then I can't remember which president said let's not talk about Fed chairman said you know what let's just keep that we won't mention M3 very often but M3 is the total money supply that's just that's changing hand this is to me that's really important and if you saw the chart that Tommy showed hopefully Tom Tom will show it later on and he shows afternoon that is the most precipitous decline that I have seen and that that was I think it was M2 that we were looking at because I was busy doing my work then so I'm not sure that I got it correctly but if that was M2 that is something that you cannot ignore that means money some the worst thing in for any market any country is to have stagflation where you can't raise prices there's a kind of a deflation but you want to raise prices in your con so what I'm saying is that there are things out there that could be really worrisome but that doesn't change the aspect that I'm looking at right now that if you're looking at the retail sector and that's really the M2 and M3 that's really part of the whole thing this M2 so this RTH this is the Van Ek retail ETF which 20% is Amazon all I can say is that it's held extremely well when you think about all the news and negative news but it really isn't a great looking monthly chart the weekly chart at 161 6370 right now unchanged needs to break in April I can't say May it needs to do it this month it needs to be trading can't even get there just get there and fail it's got a trade in the 168 preferably even touch 170 area that to me will say hey that's not bad but at this particular point that is not looking at XRTs the other one that's the one that's the S&P equal weighted retail ETF Amazon doesn't distort it it also doesn't actually looks even worse in terms of chart pattern so I'm not ignoring what's out there but we are for subscribers we are in certain areas that I think can avoid the vicissitudes of the market's negativity so in the meantime back in the ranch the question came in I cannot find it about I just to show fang fang is the diamondback energy nice move up one to one Chapman wave plumb line with it there it is with the measured move from the left side to the right side and that's called there you are bar symmetry says that by the this is diamondback energy I think that's also that's I think that involved in drilling that says that by the 18th of April the high that was made on the 14th of February of 150.73 could be tested it needs not if it breaks under 142 that's going to stall that particular aspect and you've got two lines right there and the intersect right there so that that's the way it has to be there's resistance at 146 shorter term if we can break above that that'll be good okay next question came in what was that uh that we were looking at uh do cn so let me just do this you've got a bunch of a to b you've got a bunch of options involved but I'm just going to do this as the start just for the moment and then I can think about the other aspects sitting on the 200 period exponential moving average of 36.55 right now it's down 10 cents made a peak e it should be pulling back and it is that it's a peak d in the weekly chart digital ocean holdings this is a cyber security space I wouldn't have guessed it from the name ocean well I think that's ocean it's a little far to see from here they're making in grades are really hard anyway so I'm looking at this and I think it's just kind of stuck and I think I see your bias is for is for the for the call side I agree only in the sense that it's making the 200 period moving average of magnitude how many dozens of times it's being close and it's sitting by it I'm I'm just going to say to you the further away if it pulls back the further away it breaks below 35 the harder is it's going to get back to this 36 I'd say 36 46 area but if it's able to hold for two sessions above 38.30 it's at 36.45 right now if it's able to hold above that it could have a retest of the high and that high that I'm sorry the high that was made at 39 66 on the 31st of March so I would look at I I like your idea I just think the pullback has been the last three sessions has been a little bit too deep if it's stalled from three days ago and then today was up at 37 80 to 38 18 I say that is a nice cup formation so there's a lot of work to be done the stochastic is down to 61 the magnate is negative but that nine is still above the 14 and it's above the 200 period moving out but that 200 magnet that that is just to break away either side and that's a 36 64 so just watch that number the one you want to push away from it to the upside I needed to just quickly check this I did that I did that I did that oh Lily Eli Lily why this is for uh one of our Tigers yes this almost looks like a gold star going from the 309 area to 365 almost in a straight line I'll do it as soon as we trade Eli Lily trading down a dollar at 365 96 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 the Chapman wave up down sequence gives you an edge in identifying price turns finding the peaks and valleys and 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 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 and 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 markets 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 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 866-476-7523 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 principle 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 hi folks just real quick oh no oh we've got plenty of time i didn't realize i thought it was the last segment yes so i just need to do this we'll get back to you like really but jane that the tesla you remember i said let's look at it you said where should i uh enter tesla i just give it another couple of days i don't mind if it starts to rally from here it's up to 81 187 if it gets to 180 190.70 area that's a better sign says oh now i'm going to try to work my way towards the 200-period moving average of 208 but at this particular point from all the technicals i'm looking at i think it's worth waiting a little longer and i if you do get in i would only treat that as a trade the trade could last a day and it could last six weeks but i'm not sure that it's an intermediate term trade but i would look at it again the next thing is to go back to the ally lily that's lly so um oh and before i forget uh um tom of brine just typed into the den yes that was m2 year over year i can't believe it's year over year anyway it's like a waterfall it's like a grand canyon you know what is that i think it's in argentine there's that waterfall that's one of the tallest waterfalls in the world just anyway it looks like that but uh hopefully he'll do something and talk about it this afternoon but if you want to atami jr showed it then he showed at 9 a.m great show because he puts together these technicals but the fundamentals and ties it to the technicals as well nice nice is a nice work so we're looking at ally lily down 96 cents at 366.04 um so just because you asked me about this i don't know if it's just curiosity but you have it um i think it was bill but uh all i'm saying is at this particular point it's a fantastic looking child in the dating the weekly has this pattern that says i'm going towards the left side high and that's where i'm probably going to start either just under it right on it or just above and i'll still doesn't mean say i'm coming crashing down but it's just a stalling motion in the 375s and that was back in december and november december it was in that range and i've lost last year so i'm just going to say to you for money management if you want to take a little bit off right here at 366 that's fine and you could put it back at maybe 352 to 349 or wait or you could put it back sooner than that because you're getting you're getting in at a lower price but my eye says that at some point in the next eight weeks there'll be a test of the 350 area just above or just below it that's where another position might be beneficial if you want to get in but just on a very short term basis so if you're really strong everything's good on balance volume says needs a little bit of a pullback just a little bit of a pullback not how much and the weekly chart is still very strong because the magnate just turned up in the nine period moving average last week turned positive so that's a really good sign so nice congratulations i don't know where you got in but congratulations next question was i think i saw it here uh para i don't know if that's for me or not para i keep thinking there's a song para para i don't know anyway um so this is leg d very strong leg d nice breakout there's paramount global oh i think i did there yesterday i said it looks to me like it should go to a leg d and lo and behold there it is in leg d now i need to talk about these leg ds you see this move above the 200 period moving average uh para is up to at 23 23 up 94 cents this plus i didn't have a chance to do that yesterday because i had to read you the notations that should have been um the moment it crosses peak c which is the 200 period moving average i need to put the up arrow to say the bicycle did go to a buy mode and from here on you can see that the weekly chart has broken the inside track repellent zone but i'm always a little cautious cautious with this what i'm going to do now is raise it to that peak over there and you can see yes it's broken out uh the week has just begun so it's uh it's just a really good side that's a peak c this is a gray leg b the moment it crosses there it picks up the last letter which is c so paramount is acting extremely well what is very impressive is it's forming this v shape or cup shape formation and it says this whole area between 21 and 20 is going to be very good support if it's if it takes that out it gets stuck in a range and that i'd not be looking at it at all right now it's looking pretty good what was the other thing that i had i did baba i did that oh a m a n and i forgot to write down who it was a n is uh ordination ink order sales yes the monthly chart has improved a lot i'm a little concerned about that peak d that was made just under 160 it went to the 200 p moving average twice oh talking about moving averages is what i want to do i can't remember if i had a question on but um so i'm just saying a n ordination i'd be a little careful with this i in fact there was a report that the ornament this was tummy jr discussed uh earlier on saying that the um dealers are making good money i spoke about this i think it was maybe i would say it's about between nine months and a year ago what i'd said is i'd found yes it was it was last february when i was looking around that the automakers are slapping on so many accoutrements that you don't ask for they just there and a majority of people say ah once it's there i'm just going to take it and if you look at the order sales you find out that the average price has gone so high 48 something thousand for every i mean this is amazing that people are paying up now it's fascinating that people are paying up and here i am looking at tickets in the sports events somehow people are paying their hundreds and hundreds of dollars someone told me yesterday that they wanted to get they they're going to broons game uh next couple of days um it cost them 300 ticket well if it's 300 a ticket this is these and this is discretionary income this is not your daily absolutely i cannot afford it this means that there are a lot of people out there that do have discretionary income and that i think is the the misdiagnosed area of what's going on and i think there are so many people that also have pulled money out of the market and have cash sitting around i don't know if this is the cash that they're using or what but if i look at it look at the way um i look at the iai this is the i shares broker dealer and security etf look how fantastically it went up and then the whole banking issue just tanked it but if you look at it this way those are people buying shares those are people that were in the market and i think that there are a lot of people now especially if you look at the bitcoin crowd who just got decimated and then out of the blue it goes from under 20 000 today it's at 30 000 hit 30 000 6 40 so that whole and this is what i wanted to say the reason why i'm going through the securities uh and rather elaborate labyrinth right now of explaining something is that that m2 money supply is going to be for me a very important benchmark that i'm going to be looking at for two reasons one is markets tend to um discount certain aspects it sounds terrible it sounds remember this is my right here this is my dark news cloud cover and then it just sort of discounts it and when you think about what's going on from the end of say november of uh last year the year before all the way through where we are right now no this is not this is the end of last year of last year to now with all the news that's out we're holding pretty darn well so will the same happen to m2 will something happen or is this really serious that this is going to have a devastating that something you don't really know but there's not something you can ignore i'll be back in a moment tfnn has just launched their new trading room the tiger zen 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 stand available to all tigers and tigers 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 brian and 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got 45 years experience as a day trader 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 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 oh so just the bitcoin is in leg e in the daily leg e in the weekend there's a left side right side price time match saying the 32 uh 340 area could be hit by may now isn't it i mean it was the end of the world end of the world going down to the low i'm typing in these numbers but they do change because it gets smoothed out as a continuous contract uh in the futures but in the meantime that low that was made at what did i type it in as 14 860 back in october uh we're looking at the chance that this chap we've inside track repellent sorry chap and wave inside wedge remember it's the wedge that that go takes you to the top of the line that by the mid mid may we get to the 32 400 but remember it was the end of the world and that's what i'm saying that we don't know how the m2 will result in say six months was it's a big big number so we have to give it a lot of time let's say between six months and nine months from now where is it what is it doing so far it's something that you cannot you cannot just dismiss it it's not an it's a very serious thing so that okay and bitcoin has been the favorite because the the bank stocks actually look at the xlf horrible so before we wrap up let me just do a couple of things where are we and what do i want to see it doesn't mean to say that we're going to get it what would i like to see i'd like to see another burst of energy in the dowel i don't want to see this one pop and drop type thing in a leg d this leg d has to be a big leg to the upside because you can see what happens when it just makes a nominal peak c peak c high about leg d above peak c so that's important to me but i am ready to to to to go short at any point but i just don't see it right now i see enough spent so if the dowel i'm using the dowel just as a benchmark for now is up 85 or 85 points off the two tenders off during eastern time i think it could drag the other indices up the s of b needs to be up about 11 to 12 points for that to be successful if it's a sharp pullback the down minus 60 to the big negative have a wonderful rest of the day