We have the great fortune to have with us today, the chairman of the Eurogroup who continues to be chairman until next January. He's in his second term as chairman of the Eurogroup. Your own has been minister for finance for some years in the Netherlands until the recent election and from next Thursday he will be taking up a special position as special advisor to the ESM to continue with the work that's been going on there. As I said to him as we met first just over lunch, I said we're all far more interested in hearing what's been going on and where he's heading than I thought he's been doing for the last 20 years. So I skip the whole biography and simply say that he is only the second person to hold the share of the Eurogroup. He's, as I say, coming to the end of his second term and it's been a group that has had a major influence on thinking about economic and monetary policy in the member states and one which will I think clearly have a very important role to play in the future development of EU 27 and I'm thinking specifically about Bank and Union and Capital Markets Union. On both of which subjects, Jeroen has had some very interesting things to say very recently. Ladies and gentlemen, Mr Chair, thank you for the opportunity to be here today and to talk at the institute. I am indeed in my last days as minister so just in time that is to say any thing you want to ask about the Netherlands you can do. After Thursday I'm only available for Eurozone matters. So I will talk about the Eurozone and I will go back a bit in time because I think it's useful to look back at the years behind us and the lessons that we've learned from that and then of course I'll go to the future of the Monetary Union which is heavily debated and in the coming months there will be some progress looking for decisions perhaps in December or January on that topic. So I think where we stand now if you look now at the Eurozone it's been a huge achievement. Growth has returned to all of our member states. I believe we now have in the Eurozone the 17th consecutive quarter, consecutive quarter of growth. Average growth at about 2.1% in the Eurozone. Of course still with some big differences but a very strong recovery at the moment. Growth is quite broad based. It's built on exports growing in many member states, consumer demand picking up and also investments. Less so still government expenditures because the fiscal effort to redress deficits and to bring down sovereign debt is still of course ongoing in our countries. Interestingly enough at the moment the divergence in growth and growth development has been reversed. We have finally for the first time since the start of the crisis again a sort of convergence when you look at the growth levels in the Eurozone and the dispersion between member states and growth levels in member states has never been so low in the Monetary Union. So that's also a very positive thing to look at. Another interesting thing to remark is that in those countries and those member states they have done the most reform efforts sorting out how the public sector functions, how markets are open to new companies and initiatives, reforms in tax systems or other parts of the legal system. In those countries the growth is the highest and Ireland is an obvious example but the same is true for Spain but the same is true for the Netherlands where we are now at about three three and a half percent growth this year and also we did some major reforms in the last couple of years. So reforming and of course it depends on how you design the reforms you get it right, reforms pay off in terms of extra growth at the moment. So before we start looking at the future what's next? How can we develop the Monetary Union further? I think it's useful to just go back in time. A lot of discussion is of course spent on have we done the right thing? Have we approached the crisis in the Eurozone the right way? But even to answer that question you need to go back to the pre-crisis years. I think after the introduction of the Euro we came into a phase in which money was cheap, financial sector was deregulated, a lot of crediting over crediting took place in many countries, booms were building up not just here in Ireland but in many European countries housing markets were over credited prices driven up. A lot of the credit that came into the economies in the Eurozone was not invested in productive sectors which would have been useful of course. I think if you look at a country like Greece where the credit flow to the economy grew massively in that pre-crisis period after the introduction of the Euro before 2008, much of that credit went to households who consumed it or spent it on real estate and little of that credit went to companies that invested it well in productive sectors. I think macro prudential policies were neglected, certainly the possibilities to control sound credit policies and to control the looming booms. Many of those macro prudential policies were not used, not put in place and risks built up throughout the Eurozone. So yes there was a link with the introduction of the Euro, the introduction of the Euro created in many countries very low spreads, low interest rates and the availability of cheap credit but it was also due to the lack of sound policies, macro economic policies, financial sector policies, macro prudential policies that allowed us to become very vulnerable going into the crisis. So at the beginning of the crisis in the Eurozone there was very much a sense that the crisis was caused by the US and the US mortgages and the US banks which in fact was certainly not the whole story. I think the major problems were very much domestic typical to the Eurozone as a whole and sometimes typical to the member states. Yes you can blame the financial sector for being so lenient on the way they put out credit. You can say that they certainly didn't take the risks into consideration but here again I think national policy makers should also take part of the blame, not regulating the financial sector, not making sure they were well capitalised, not protecting consumers against over-crediting etc. So in the first years of the crisis a lot of improvisation took place. I think it's only fair to say that we didn't have very strong frameworks, regulatory frameworks, we didn't have institutions to deal with the kind of economic shock that we had in the Eurozone and it took years to build that but we did. I don't think the crisis was wasted, I think it was used to strengthen what we have in the Eurozone and to build institutions to support the recovery. Of course part of that was setting up the emergency funds first improvised and later on in a more structural way in the ESM. Part of that but it came late was the start of the banking union and I think one of the main differences between the approach that the US took after 2008 and the Eurozone or the EU took was the US dealt with its banks much more rigorous and much faster, forcing them to recapitalise quite quickly. We also dealt with our banks but we did it in a very costly way, increasing sovereign depth in many member states, high price for taxpayers to be paid without really going into the fundamental problems in our banks. The banking union was a more fundamental change. It was an element that of course should have been put up much earlier. We started it basically at the same time when Mario Draghi said I'll do whatever it takes. The government leaders finally decided we must set up the banking union and that was mid-2012 and the negotiations started. I came in at the end of 2012. The negotiations on that started in 2013 and already in 2014 it took off and I think even though it started much too late it was been a huge effort and it's been of great importance for the economic recovery and return of trust in the economy in the Eurozone. So where are we now? Growth is back. We have better institutions. We have more stability. Fiscal issues have been addressed in most of our countries. Still work to be done. But if you look ahead, potential growth is still low. The growth that we now have on average is over potential growth. We need to realize that when we say we have now on average 2% growth in the Eurozone, that's far over what we potentially can expect in the medium term. And that needs to be improved. Productivity growth is low. That's everywhere in the Western world. Competitiveness, very slow. Wage developments, lagging behind. I'm not sure how that is in Ireland but it's certainly true in countries like Germany, the Netherlands where the economy is still, is again very strong, but wages are lagging behind. Also, our capacity to deal with future shocks is still very thin. We have used monetary policy, well, Mario Draghi will say we've never used it to the full extent. But you could argue that we've used large part of the monetary instruments of the toolbox of the ECB. Governments still don't have, it's uneven but in generally speaking governments in the Eurozone still have a lot of fiscal space to absorb any future shocks. And therefore we are still very vulnerable for an event that could come in the next years. So more work needs to be done there. We should really use this period to at a national level create that fiscal space to absorb shocks. I won't comment on the ECB policy but you can follow my thinking on that. So we are not sure that both on the public and the private side the capacity to deal with future adverse shocks is improved. So what does that mean in particular at a national level? I think we should really continue our reform drive looking at how we can create a much more investment friendly climate in different member states, opening up markets, opening up many protected professions that we still have allowing for new companies to be set up easier. We should look at making our social model sustainable. A lot of work has been done there. For example in the increase of the retirement age or the way that pension systems are being financed a lot of work has been done. But I think to make sure that the social model remains and it's based on a sustainable footing more work needs to be done. And we can provide, we should improve the public services that we provide. This is about the quality of healthcare, the quality of educational systems, the quality of infrastructure still major differences between member states and a lot of room for improvement if we could converge to a higher level. At an EU level I think my key priorities will be to finish the banking union and to create and deepen the capital markets union. This is because I believe that if you want to absorb shocks in the economy the best way to do it is to allow markets to be the shock absorber. If you look at the US the key absorption of asymmetric economic shocks within the United States the key absorber are markets, financial markets, labour markets. They have the flexibility to absorb the majority of the economic effect. And let's not turn too quickly to the public side. Let's not too quickly make what I would like to call private risks a public problem. So let's finish that banking union. This is some of the elements I think are easy in a sense that political agreement is close. We have already set up as you know resolution framework and resolution fund is being built up but the open question is still about the backstop to the resolution funds if in the case of a very big banking crisis it will be depleted where would the capital where would the liquidity come from. I think there is more and more support to look at the ESM to provide that backstop to the resolution fund. Still more controversial topic but I think we should really get it done is the deposit insurance scheme. Controversial certainly in Germany but it's very much about how we can reassure the critics that the banks are so much more sound now that we will continue to deal with remaining risks and imbalances in bank balance sheets. And if the balance in how we design it is right the balance between what is then called risk sharing and risk reduction I think we should take steps forward on that. It's a very important element when we talk about rebuilding trust in the banking sector in Europe. So let's first of all make sure that the private side of our economy and markets are in a better shape, better integrated and are able to absorb any shocks in the future. But what about the MU, what about the public side, how we've designed the monetary union. So I would say that on top of the national efforts further reforming the economies and on top of having better functioning markets we need to look at at least two avenues to improve the monetary union. One is what Jean-Claude Juncker calls the convergence instrument. It's an instrument coming from the EU budget so we're talking about transfers to members who would be in his mind converging to the Eurozone. I would open it up to all Member States and say all those Member States that are in a reform drive, have a reform program that they want to do should be supported between connecting some EU transfers, structural funds to that reform drive so we support them in that process. That's from the EU budget in my mind for all Member States that we're talking about transfers. The second way to approach it and I think we should do it in parallel is to look at the ESM. Many have argued that the ESM can develop further into a European monetary fund. In my mind that means that you also look at the instruments that the IMF has and how we could use them or develop them for European monetary fund. As you know the ESM has so far only provided funds connected to a program to those countries that have lost access to financial markets. So this is really about a crisis program and a crisis instrument. But I think we could develop the instruments of the ESM or EMF if you will further introducing precautionary instruments or preventive instruments supporting countries in financing some of the reforms that need to be done or supporting countries in financing them while they are pushing for major reforms. For example, a country that would enter into a major labour market reform but would have costly interest rates, could be helped in their financing connected to that reform effort or even some of the expenditures that would go with the reform. If you do a labour reform you may want to invest in skills or education in the labour market. Some of those expenditures could also be funded cheaply through the EMF. This of course would only be for Eurozone members. We're talking about financing not transfers and it would be done. I think this is an important element and part of the debate it should be done in an intergovernmental framework. The ESM is owned, so to speak, by the Member States and its governance is run by a board of governors which are the Ministers of Finance. They decide on how the ESM is and can be used and I think to be able to make steps in deepening the EMU in the next couple of years having it in an intergovernmental framework would probably give some of the more critical Member States some comfort. So let's develop it further, let's introduce new instruments to stabilise the economy of Member States and support them in their reform drive but do it within the intergovernmental framework. Finally, and then I'll stop. I think the key element for the monetary, the key issue for the monetary union is about restarting the convergence machine. The World Bank some years ago called the EU a convergence machine. This was before the crisis and I think we need to restart that convergence machine. It has, if we don't do that we have two risks. One is of course political. It becomes more and more difficult to remain united in the European Union and also in the Eurozone if countries politically but also economically diverge. But also our economic instruments become less and less effective. Also this is true for monetary policy if the state in our economies is diverging. So this element of converging is converging of our economies and our economic development is crucial from an economic point of view but also from a political point of view. I think there are opportunities to do it. I think some of the landing grounds can already be seen. Some of the compromises can be envisaged. And I hope that we can use the current political window of opportunity to get it done around the beginning of next year. Thank you.


This paper proposes a new multimodal antibacterial coating that combines photothermal and photodynamic therapy, PTT slash PDT, to treat medical device-related infections caused by multi-drug-resistant MDR bacteria. The coating consists of a boron dipyromethane photosensitizer compound, DDP6, oxidized hyaluronic acid, and gelatin, which is then crosslinked with a natural polymer, polyurethane, PU. This coating exhibits excellent synergistic antibacterial performance against both susceptible and NDR bacteria. Additionally, it has good in vivo compatibility and photoacoustic imaging properties. This article was authored by Lujiao Zhang, Chen Yenhu, Meizhou Sun, and others.


How's it going everyone Caleb here with late and sports cards next up tonight Donald B with box number 22 of the almanac here Sports card edition multi sport edition gonna be personal box edition Volume number two edition. Good luck Great 20 or excuse me box 22. Good luck. Donald B Here we go here we go We're scantin all the way for us. Come on now Here we go Donald ice Maggie 2017 National treasures Wow Look at the patch laundry tag one-of-one Very cool Did you go Donald? Nice laundry tag 2017 national treasures. That is a one-of-one Maggie There you go. Hey, thanks again Donald nice card for you there. We'll have that right out to you beautiful man


Barnays Barney Barney's Barney's or Barney's restaurant and bar Also truck stop Letali a Manitoba, so I was able to wash some of my laundry yesterday. That was nice and now we got two full days to get us down to Mississippi Hopefully avoiding all the chaos in the city's on the way there. I'm going around the cities for the most part I think or at least through them during the day. I don't know. Let's see Let's hope and pray for the best and for our safety and we're headed on down to Corinth, Mississippi and across the border and Keep our head down mind our own business Bring this freight down there. Somebody needs somebody needs it. So they're counting on me to bring it there. So Let's go All right, we got the shades on everybody Locked and loaded Let's go over 1,000 kilometers behind me today, so Close to 650 miles We'll see what happens This little town is about 15 minutes from the US border Crossing at Pembina, North Dakota find ourselves in Like I just said find ourselves in the the great state of North Turn right in 130 meters My route is taking me I believe through Minneapolis later today I'm probably gonna go around it. I feel like being around that city right now more than the foreseeable future Turn right on nine road north highway 201 and then keep to the right in 90 meters Seeing as what Their city council has decided to do there. I don't really feel safe in that city So I'll probably be avoiding it for the foreseeable future for a while I don't know what's going on there We'll just have to wait and find out Tremly windy day out here again. We got a strong wind coming out of the southeast Trying to push me over to the left. I gotta be careful because I got a whole grip of motorcycles We're getting close to Alexandria here. Yeah, three more miles. This is exit 97 I'm gonna pull in there. I gotta do my half hour. I'm sitting at two hours 12 minutes left on my eight I'm just stopping for my half hour and that should give me about another six hours to get down the road Not sure where we're gonna stop tonight yet. Hopefully we can find a safe place Don't need fuel yet, but man this wind is just insane today It's so strong it's coming out of the southeast so it should bring some warm weather up north for us, but Making this truck work pretty hard Here we go exit 100 Yikes that wind noise is so so loud, right? It's just not letting up either. It's been like this all the way down from Canada I'm guessing once we get on to the I-35 south of Minneapolis It'll probably calm down a little bit. It's a little more sheltered there We're still sort of up here on the eastern plains I can get these bugs off my windshield again. That'll be nice.  That's a little break Use these vehicles I could have gone. I could have gone. I should have gone. This is a nice car though. I wanted to see this car Look at this thing coming from the right Ready for it Nice That is what a first generation Camaro Oh, of course now there's more traffic coming Ah Truman Show Alexandria, I always say it sounds like a royal name Alexandria princess Alexandria I wonder if it was named after a princess Probably not probably not. This is America Where's the pumps? This is one of those uh flying jays that was obviously something else at one point It's not like your typical flying jay or pilot Closer to Minneapolis All the bugs came back already. I apologize And I've been getting passed by lots and lots of motorcycle groups All sorts of motorcycle groups The only ones I recognize were Hell's Angels all the other ones. They're wearing patches, but I don't I don't know what That is I'm not familiar. I'm not you know with every gang or motorcycle club or group. They're not all gangs, but I'm not familiar with them all but there is just hundreds Of motorcycles that have been passing me headed toward the city You know what they're up to round on 494 Okay, I wasn't going to see if I regret this decision or not I'm kind of strapped for time and as long as there's nobody blocking the highway in Minneapolis This this saves me so much time from going around through the small towns And I've only got a certain amount of hours left on my clock to get down to mississippi and if I go around I'm not gonna make it And I'll be really late for my delivery so I can't I can't I don't have the time So, uh We'll see we'll see what happens We'll see what happens. I don't think that they would block the 494.  You go do your thing just Please stay out of my way. I gotta I got places to be All right, I'm just I just want to sneak through.   I'm not gonna cause trouble and provoke anything I mean if doors comes the worst, I guess I'm just parking on the highway, but three weeks Three weeks to come down here. I thought for sure, you know three weeks sit a little calm down by then Silly me. It's election year Nothing's gonna calm down from november. All right. So well, we gotta keep moving. So here we go Bring it on minneapolis I I'm just trying to sneak through. Okay. I'm mind my own business South of minneapolis Safely past the city I've got Two hours and 18 minutes available to me and I'm gonna use of every single one that I can Still don't know where I'm gonna stop. I probably just probably looked that up But I'm not too worried about finding parking in this area of the country If I was on the east coast I'd be a little more concerned But out here There I'll be parking. We'll find parking somewhere. Look at this. We're coming into iowa A bunch of corn out here. There's a parking spots for me You know, all the farmers, I guess have seeded. Well, we're down here in Iowa in canada All of the or manitoba. I should say all the fields are just starting to grow now I already told him Karen. She never listens to me. It's always complaining In in manitoba all the fields have just started to grow The green has just started to pop out of the ground on the fields and I'm guessing here They probably seeded a lot earlier because they're further south got a little bit warmer climate here spring pops around the corner a little sooner Oh, yeah, it looks like their crops are Well on their way already So the Iowa corn is on the way. Don't you worry. They got your food Iowa is also known for their John Deere, right? Isn't this where John Deere has their headquarters? Makes sense Iowa I wonder if you get a discount on John Deere products if you're from Iowa What if you don't drive at John Deere and you live in Iowa? Do your neighbors shun you?  Sort of like being from canada and getting your coffee from starbucks blasphemy Starbucks is tar in a cup Overpriced tar in a cup tell you what And we'll see where we end up looks like Karen's gonna tell us to turn in about 42 kilometers or 30 miles or so somewhere in there And we're gonna take what is that the 380 i380? Down through cedar falls and stuff by evans evansville. Is that what it's called? I don't know. I don't know It's been a good ride though. I like this area. It's nice and peaceful quiet lots of parking Tomorrow night is going to be a little harder to find parking because we'll be down in uh, Mississippi or close to it or maybe Tennessee. We'll see where we end up and we do in a reset down there I'm going to try to find a safe spot. I got to go right through Memphis So I definitely do not want to stop in Memphis for my reset I want to stop as far away from any city as I can I guess we'll just see what happens. I got to get a t-shirt made with that See what happens. Let's see what happens. Who knows? Every day is an adventure man. All right me and my army of dead bugs Have arrived to our final resting place for tonight We're at Casey's general store here in Iowa You have arrived at your destination on the left side center point travel plaza Center point travel plaza very nice. Thanks Karen Now to go find a parking lot Calm down Karen. Let me sleep first. We'll do that tomorrow Any parking spots here? Or is this a driveway? Ha I know there's spots here. I saw it from the highway plenty of parking Just got to find the perfect spot, you know I want to blind people with my hid headlights Look at this truck off to the right. That's a custom sleeper. It's pretty cool Very nice What do you think weasel got any wise weasel advice got some wise weasel words for us I got a lot of weasel words, man. I'm a weasel filled with weasel words You look tired right now Anything Speak now or forever hold your peace We're here. Uh found a good parking spot all by ourselves. No neighbors Nice very nice and we should be able to get to our destination Tomorrow in one shot if I have enough hours We'll have just barely enough if everything goes right So hopefully we don't run into any delays or problems on the way. Hopefully it goes smooth through or around st Louis. That's the only city tomorrow. I'm a little concerned about I'll have my eyes on the news and uh Try to pay attention to see if anything's going down that I should be worried about But anyways, it's been fun It was a good full day today a really good full day and uh went a lot faster with you guys here So thanks for keeping me occupied Appreciate it. Hope you tune in tomorrow. It's gonna be another new day. I mean, we'll get some good footage We'll be officially in the south tomorrow Mississippi northern mississippi. I don't think we're gonna see any palm trees yet, but you never know You never know the chances are there There's a chance we could see a palm tree tomorrow You know how much I love palm trees, don't you? You know, we remember this Britain I got matching uh tattoos on our honeymoon On the gulf coast It's not finished yet. I got a I want to add weasel in there somehow and uh Finch it up yet, but uh, I've been lacking time and money and now with this whole uh Boogeyman virus that uh has been blown way out of proportion going everywhere. Everything was closed down anyway So I didn't have the money for it. Anyway, so Here we are living the dream Just trucking along. Thanks for hanging out. I already said that We'll see you tomorrow


Look, everybody can change the world. I truly believe everybody, but one thing that is for us very important and one of the key reasons that for all of us at Brightline, it's much more than a business, is that it's an opportunity that we have to change this. Change the world is probably very big, you know, and to make big changes you should start step by step, and this event today is a relevant step. The main objective here is that people will go back home with three things. The first one, this sense of awareness that some action needs to take place. The second, they will go home with a lot of insights, and they are not necessarily convergent insights, but they are set of ideas and insights coming from very different backgrounds that could support them. And third one, the networking. They know that in this room they have people like them with the same challenges, so they share the common interest on solving this.


Hello, I am Gabrielle Mayo and today we will be exploring a web page I created titled Tips for Teachers to Prepare Parents. It is a web page that teachers can use to download images and share with parents and families regarding specific questions they may have about Seesaw or Google Meet. Let's take a look at it. Once you get to the web page it will start here at the home page where you'll find information about me, the website, including two buttons, one for Seesaw Resources and Google Meet Resources. And then at the bottom I share a tutorial about how to get these resources downloaded on your computer so that you can email them with families that need a little step-by-step directions on how to use Seesaw and Google Meet. Let's take a look at the Seesaw Resources. Once you access this page it will have the three getting started steps for Seesaw. So signing in, finding activities and using the tools within Seesaw. These graphics are also linked right here. When you click it opens up a new page. Here in that tutorial I explain how you click download and if you're in Google Chrome the download will pop up at the bottom of your screen so you can drag that right into an email to share with that family that is unsure how to sign in to Seesaw. Again, this link is where you can access that graphic to then download and share. Here down I have some information about again how to sign in, how to draft and edit in Seesaw and then how to submit. So these buttons will open up a graphic that explains exactly how to do those with images, steps and then again that download button so you can share with those families. As you keep scrolling there's some frequently asked questions. The answer is obviously here in red so that if the question happens to match one that's here you can copy my answer and send it right on to families or reword it if needed but it is nice to have it all in one place that way you're not going and searching for yourself but if you're unsure check out here first to see if I may have the answer or an image that you can send directly to families to help them get started with Seesaw. Let's check out Google Meet. Here is a tutorial of how to access Google Meet through the Seesaw inbox. Now this video teachers can access but when you do click on the video and I'm going to mute it but if you click on the enlarge it opens up in a new screen and then you can download again like the images and send to families through an email. We come down I've gone ahead and made graphics showing all of the icons in Google Meet and giving a short explanation of what they are. Even if families are unsure what these mean they can you can click the link it brings this image up to then download and send to families and that's it. So again that is how you can use my web page to find the answers to families questions about our most used technologies today in the classroom Seesaw and Google Meet. Thanks for watching and don't forget to check out our other resources.


Let's go over to our mammoth the Basel Chapman as we do each and every Tuesday at 20 past the first dollar Don't forget Basil is an outstanding show here every trading day 12 to 1 Eastern Standard Time also a great newsletter the opening call now the way you get the opening call folks You come over to our website at TFN You're gonna hit newsletters you're gonna go right up there You can see the opening call right there. You can hit view you can hit subscribe Basil's newsletter is $128 for one month you can get it for six months for $5.95 Which is the savings of $103 or 22% you can get it for a year for 995 Which are savings of $541 now when you're over TFN in folks. We had our Tiger dollar sale from Memorial Day We did extend it just till today because what happened on Friday? We had some problems streaming just about all day long so if you Do want to save money at TFN in if you have any subscriptions right now They're looking to save money This would be a last day that you can do it until next December because we do these a couple times a year The way Tiger Dolls work you can either buy 500 which gets you 600 you can buy 1000 which will get you 1300 and you can buy 1500 which you get to 2100 So check it out the front page of TFN in that's what's happening. What's going on? That's a wonderful opportunity to get a big discount in the market. You don't often get that now There's no doubt man. There's no doubt and you know, it's amazing. It's amazing that Every time we do this like We've been doing a couple times a year now, but it seems like every six months is like Quick goes quickly. Yeah, quick So what are we looking at here Basil? Well, we're looking at the Dow This is the Dutch on the left is the dating in the middle is the week you on the right is the monthly Yeah, and as I'd mentioned to you a couple of weeks and quite a few weeks ago For subscribers to my opening call. We've been short today before the recovery high at 26,000 695 in the 23rd of April 22nd, we went short. We've remained sure we've taken some profits still remain short one of the reasons is The technicals you can see how the deterioration in the Magde the moving average convergence divergence here This is this particular technical tool. I'm outlining and the one below it in the red and green is the stochastic And that's only at 32% I suspect we're going to be going down Before we make a really decent tradeable low, I suspect we're going down to the teens maybe even the single digits So we're still raining short and you can see this I drew this end to make it much thicker in my show It seems to be very clear when it comes out when you're looking at it through Tiger TV The black line is the 14 period exponential moving average look out earlier It we were seeing the Dow and the other indices holding beautifully above that line And now it's just a tremendous repellent every time it touches that line even today You try to touch it with the Dow into 2717 and that black line is at 25,072 got repelled and now we down to be even below the pink line Which is a nine-period moving average I think that the patterns that if I can just show you for a second here patterns We're always looking at is the arch or the cup formation and you can get a mix of a straight line and then the Arch formation if you take out that left side low you can go quite a bit lower and we've seen that look This is the same pattern. Oops. Let me take that away There it is now if you look at this you'll see the very large arch that I was talking about in During my show when I was interviewed by you and we hit the 200 period moving average This is the orange line there. We've made another little mini arch formation So we've got to be real careful because if the Dow goes under 25,000 through 85 I think it's a real quick trip to be tested at 25,000 to 22 level. That's going to be important What has concerned me is that the the weekly chart has been trading under this 14 period moving average Since it closed on at four weeks ago now, so this is the third week since then we're under it So everything I'm looking at says huge move from 21,712 December the 26 up to the high of the 23rd of April at 26,695 the Dow didn't make a new all-time high that the S&P did just by a couple of points and the Nasdaq did But the the Dow has not done that. So I'm thinking that the Dow is now Has to do some retesting before we can have a pretty decent rally and that's important We are still short the SMH's which is there the semiconductor market vectors ETF the all-time high was 120 point 70 on a rear short from the 116 and we've taken some profits, but remain short is down down at 98 This is not a good sign. So I'll be I thought I'd mention again. I spoke to you about last week I'm the guest speaker of the Boston Investors Group meeting that yeah, that's tomorrow night. Wow time flies I know tomorrow night 7 o'clock Wednesday May the 29th 7 p.m. It's an MIT building e-51 room 335 70 Memorial Drive Cambridge mass and at this time of the year the parking should be pretty easy to get Because I love to love to see everyone is always really a good turnout and Questions I get quite a quite a few people are fundamental analysts and they they ask in these fundamental questions Which means that I have to do try to do an x-ray of the patient an MRI on the technical terms To be able to explain my point of view. So it's always a lot of fun a lot of a lot of interest in terms of The questions that are yes, and the types of answers and I'll be talking about You know the overall market what I'm anticipating why I'm still really a mega ball as far as the overall market is concerned But being for a little while now shorter term looking for more intermediate term pullback And then we can get started on the upside again And that's you know also spoke about the dollar the dollar actually is held very nicely We are long the dollar from April of last year down at 90 and That's trading right now at night. There's a dollar index trading in 97 96 good day today And it's here again. Look at this black line This is the 14 period exponential moving average in the data accounts held in the weekly chart So I'll be discussing some of the technical tools that I use and how you can make things very easy I mean this is a visual you can see I Call it walking the black line in this particular case. It's the 14 period moving average. Look how the dollars just hasn't done anything spectacular But it's just steadily moved up higher highs and higher lows So I'll be discussing these aspects tomorrow night at And so what happens here folks is that this is really easy to get to okay Cuz I remember going many times myself and as you're going down Memorial Drive You're gonna be looking to your right-hand side if you're coming from the south. Yeah Yeah, if you're going on the Memorial Drive, and you're going towards town, right? The exit before you get to the downtown exits. There's a little left turn It goes straight on to I can't remember the name right now, but it's a 70 Memorial Drive So the building corner is on Amherst. So you take a left and that's the one That's the one they want. Yeah, because that it's right on it's right that right exactly, right? So that's that's the one that makes it much easier and it's actually these days They were doing a lot of work, but now they're finished with the street work. I believe Cool cool Well, I guess he's Poor internet back and forth That's our man. Mr. Basil Chapman. We do appreciate him growling a problem with us and remember folks You can come over right over to our website at TFNN You're gonna go under newsletters you go under the opening call you can audit his newsletter right here right now