The following is a presentation of TFNN The Traders Edge with Steve Rhodes Toll free at 1-877-927-6648 or internationally at<PHONE_NUMBER> The Traders Edge now Steve Rhodes Good morning folks welcome to the January 19th the fantastic Friday edition of today's Traders Ed Show I'm your host Stevie Perseverance Rhodes Whoa, I might my mind sorry about that my mind was pretty much a Said two thoughts gone through my mind and that was a terrible thing. Anyways, I'm Stevie Perseverance Perseverance Rhodes And welcome to the Traders Ed Show folks. Let's just kind of get into it right now We've got a mixed bag. Oh, well, well, it's before we get into it I would love to hear from you saying gifts called<PHONE_NUMBER> with any requests that you've got We'll take a look at it. We'll try to identify what the instrument is doing We're support and resistances of course if you can't call in but you've got a question You can always email that to me you can email that to Steve at TFNN.com Inside the subject if you be kind enough to put radio show question That way it makes it easier for me to differentiate your email Then all the junk and believe me in an hour's time I can get a lot of junk email out there gets all mixed in so if you do that that would be great Of course inside the Tigers level any in every ping will do so let's go ahead and get this show started on Fantastic Friday, of course, this is Tiger financial news network. I'm Steve Rhodes. Welcome to the show We got a mixed bag out there the mix goes like this You've got the Dow the S&P in the Nasdaq all trading to the upside 141 points for the Dow 21 points for the S&P 136 points for the Nasdaq 100 rustles off about four points the sum as you're up 72 and the trainees are off 40 We've got gold trading up 9 bucks with silver down 9 pennies like recruiters up 30 cents and a 30 year The a natural gas back 14 pennies 30 treasure you basically flat printed out at 1 19 26 Now our leaders in the clubhouse to the upside super micro computer 92 bucks That's a 30% move nice move there Mercado Libre 48 bucks nearly 3% Broadcom 3% or 33 Cayman Corp 101% 22 bucks lamb research 2% that's a $17 move micro strategy Trading the downside off a little over 2% 10 and a half dollars Duolingo almost 10 bucks or 5% Molina health care $9 and change to an app percent. I robot 7 bucks nearly a 30% move to the downside there Wouser so we've got movers and we've got shakers, of course I want to look at what you want to look at. Let's first start by taking a look at what's going on around the globe out here So let's take a look at the worldwide stock indices out here You got the Dow in the upper left-hand corner the Dow itself formed its new all-time high back on January 12th Unlike the S&P which is today unlike the Nasdaq 100 which is today now if we take a look at some of the other key Critical markets out here. You're not seeing my page Great. So if you are and then we've got the other primary indices down below that so in the upper on the middle on the left You've got the shanghai you can say I've also got some trend lines drawn in here rising and you can see also It's all-time. I was back in 2007 Now the Shanghai does have a by the D point pattern that had formed out there So we should rally but the point that I really want to make was take a look at this Nikkei not anywhere near its all-time high hang saying nowhere near It's all-time high same thing with regard to the footsie the The Australia 200 out there came really close to taking out a salt-time high that actually formed back on August about 2021 out here and we take a look at the Dax that was back in at 2023 December the 14th The point is that see it certainly Stevie wants to make out here is the only markets that are breaking out are those in US dollars But we'll come back to this set of charts another chart share But first we do have a caller on the line. So let's go out to Garo in Newport Beach, California. Garo. Thanks for calling Thanks for holding happy new year to you. How are you today? Happy new year to you sir. I'm very good. Thank you. Sorry for my voice is been like this for about three months And there is no cure for it. I hope it will be fine in the future Steve there are two two two charts if you have the time Sure, if you second one, thank you. The first one is Pat P. A. T. H. Paul Apple Tom Henry. Yes On a daily chart if you look at it, please you see that the five day The five day five day move average past the 50 day moving average. Yes There is a gap in between all the way down to twenty dollars and change You think that you go all the way down to that point and fill the gap or the bleeding is over So it's a great question and how we can answer this is I can provide you with a Support level and that support level is for its weekly time frame. And again, folks We're taking a look at unipathic ticker symbol there is P. A. T. H These are Garo sets of tools the charts that we're looking at on our screen out here The only tool that I've added to this are the profile levels So it is the bottom of the weekly profile that will answer that question for you and that's at 21 71 Now ordinarily I would have thought the answer to your question would have been yes That price will get down there and the reason that I would have said that Garo is because last week price closed Below the bottom of its weekly profile and it did so the week before that and so that was giving us a Intermediate term profile change in trend signal. However, we're back above it today So I'm kind of confused that actually the message today would be well, maybe it's not going to go and Take care of that gap area. That's what this set of charts is looking for But what I can also do well first before I do that and I've got a the daily time frame and the monthly time I'm sorry the daily in the 30 minute time frame up on my screen Do you have any questions about that before I would switch over and take a look at path on my white background charts? Just to give you any additional Patterns or anything that I see out there. So any questions so far about that support level that I gave you or anything else No, sir. All I want to know that if we get to that $20 Or not that that's all you need You know it the I then so the answer is if you start trading below the bottom of that profile again the weekly profile 2171 that I would say the answer would be yes now I'm going to switch over take a look at my white background charts Just to see if there's anything else out there before we go to your second Request see if there's anything else out here that would assist us and what I do see is what looks like an a to b equal CD to the downside pattern So that in fact if I take a look at where that could take us to To give me a moment here We'll draw in the a to b line and then we'll go ahead and we'll take that over to where the likely c-point is out Here for this pattern I just would like to make sure that that was at least they're close to a point three two retracement But the one-to-one level here girl would get you down to 1910 so that would most certainly go ahead and completely fill that gap out there We are trading below a new set of profiles daily profiles that actually formed two days ago That's a bearish signal out there But again, I'd still say you got a close below the bottom that weekly profile that 2171 area Yeah, that's all that I've got on this set of charts out here Really good. I wrote it down 2171 is the number One is cccc For these cat cat cat cat that one I'm short on that On seven dollars on a daily chart when you get the first dot at the top. I see that and I'm still in short How far you think that will go for 49 Yeah 449 how's that how's that for a precise answer for you 449 girl, and we still are taking a look at my white background charts out here So the 449 level is the TD 9 count breakout area girl Would you be kind enough to hold on through this breakout here? We'll finish take a look at C4 therapeutics Perfect perfect. We come back to this break. We'll go back out to Newport Beach, California with Garo take a look at C4 therapeutics will be 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 Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and Technicles 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 comm 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 comm 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 comm educating investors Steve Rhodes started his trading career as a student almost 20 years ago and the student has now become the master Steve won the prestigious timer of the year award in 2018 and barely missed that mark again in 2019 Finishing at number two for the year an amazing accomplishment Steve Rhodes is committed to sharing his techniques and knowledge with anyone who wants to learn and he shares his vast amount of trading knowledge Every day in his mastering probability newsletter Steve's award-winning newsletter Mastering probability is delivered every trading day with updates throughout the afternoon sign up for Steve's market newsletter Mastering probability and you'll receive access to seven of Steve's educational webinars Absolutely free at TFNN all our newsletters come with a 30-day money back guarantee So you have absolutely nothing to worry about visit TFNN comm and try mastering probability 30 days risk-free today TFNN educating investors TFNN has launched the Tiger's Den 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 Den available to all Tigers and Tigris's for just one dollar 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 Toll-free at 1-877-927-6648 internationally at<PHONE_NUMBER> Welcome back up folks. We're taking a look at ticker symbol CCCC C4 therapeutics is with Garo in Newport Beach, California By the way Garo if you hadn't mentioned anything about your voice out to me. It sounds just a just normal I'm sorry that you are having some problems obviously But as far as what it sounds like on my end you sound just like the normal Garo out there But with regard to CCCC And I love to hear the laugh so it's great warms my heart I did take a look at intraday charts during that break just to see if there was any kind of bottoming signal out here And I don't see anything at this moment in time the level to watch at days end still though It's going to be 589 and 589 is the bottom of that daily profile So a close blow today gives us a hint at a change in trend signal That would suggest lower price and that 449 area is the breakout level So we're in bar number five today. This did top with a TD 9 count top Maybe it'll be a TD 9 count at the bottom around that 449 level This is definitely going into a big gigantic sign of strength out here You probably know more about the stock. Certainly. I don't know anything about it But on the trading day of December 13th, it seemed like they might have stuff cured something out there 225 million shares to the upside the following day 162 million shares and giving example folks Yesterday has pulled back with 4 million shares today so far in two hours of trading about 2 million shares So it's really pulling back into that strength area out there But I don't see any signs of a bottom and I think it's going to go target 449 The weekly chart shows Garo that you've got really strong resistance at 703 and 703 Was the second TD 9 count breakdown area. So that's your resistance to the upside And support to the downside I would say is 449 While you look at these charts or even yours with regard to c4 Are there any questions that you have that I can answer for you? No, sir. I find the 449 and I find that The seven the other the other one I 741 I find both of them where it's going to hit And I really appreciate that so much. Can I ask you a question? You're the man. You're the man. Thank you. No, you're the man, but let me if I can ask you a question, please Um, uh, so in this case here on c4 and I'm going to go ahead and flip back to the black background charts Because I think you've got a great unique trading system. Uh, when you call in I think people listen I know people listen They try to learn from you and so in this instance here on the daily time frame chart You took that a short trade Because a price had hit your parabolic star. I still have the five day moving average above the 21 day What's that on the daily time frame? So, uh, your system is is more so about the 5 and 21 on the intraday charts versus the daily or Just try none on yes on a daily chart. I referred that very much You see well, even when you told me that how come it popped up You know, where did I bought it? I bought it on the time that the candle hit the Star parabolic was $1.71. Yes. I see that that was done on December the 12th Yes, I see I bought 4 000 shares and I kept it and I I'm from 171 all the way up to $5 and I sold him at five You see now Then I started to I waited until the candle Did this back pull back and then the candle popped up on top of the five day simple move average Which was on December the 26th. You see a green candle that goes above the five day So anything any candle that goes below the five day. I don't touch it. I I don't go short And I don't go long I wait until the candle goes above the five day and from there on I start going long on that I go long long long long until the candle starts to grow down and it goes below the five day You see it went down on December December the first I the 12 12 24. I'm sorry Yeah, but I didn't touch it. I shorted on I shorted on The first 16th of January Which the candle hit the bottom dot and the dot went up Which was seven dollars and I thought that there and I'm holding it Now if that five day comes and crosses that 21 day, then then really is going to go down There has no other choice to go down So daily charge to me is so is so crucial. I mean You can see even any start like let's say for example affirm FRM if you ring affirm, you'll see that On on 12 29 12 29 when the candle hits the bottom The dot and the dot goes up from the short starts. That's where the short is it goes down It goes down and when you see that five day crosses that 21 day, then the real short starts And it's going to come and it's going to stop on on 50 day moving average, which is 37 96 Then then it's a different story if it breaks that then it's going to be another short If no, then from there on it's going to roll up So this is the way I'm doing this for the past 25 years And it's beautiful. It's beautiful those sort parabolic does it does miracles to me just miracles That's that's beautiful. Now. Are you short affirm holdings? Yes, sir You are so I'll just share with you just because I did pull up that stock chart while you were Revealing that that way others could could follow that as well It is sitting at that one level of support, which is the bottom of its daily profile And that's at 37 78. So just simply another price point for you to watch It's well, it's below the five the five day obviously So if you can get below if you can get a close below 40 40 01 a 40 01 is the number. That's the bottom of it 40 01 Then then you're going to certainly get then the my charting tools would say then you're definitely going to get to that 37 77 ish area the 50 day Simple moving average out there. So that 37 71 is today's value tomorrow. That's right change. Of course, of course Yeah, because that keeps on going up the candles keep coming down and the 50 day keeps changing value every day Because it keeps going up. So you have to watch that that 37 79 It's it's not it's not card in the stone. That's sure. Is it today's date? Yeah, today's price Correct. Absolutely. Well Garo, it's always great to speak to you Thanks so much for sharing so much with the audience out there and uh, have a great weekend And I look forward to speaking to you Whenever we speak again next Absolutely probably next week if there's any life left I'll call you back. I'd love I'd love to hear from you. That's Garo in Newport Beach, California Uh, so we got to still that mixed bag of a market out here folks. Um, I do have some other requests that have come in Um, let me just start going to those. I don't want to get too far behind Obviously, I do want to give you an overview of what's going on globally what to expect or anticipate out there And I'll go ahead and make sure that we squeeze that in but in the meantime Let me get to a couple requests the first two Kettering from Alton. He wants to know buy sell or hold the two instruments He's interested in in case you want to take a look at on your screens is rtx and dvn debit energy out there So we take a look at rtx I don't even know what rtx is off the top of my head, but we're going to find out here. It doesn't really matter It's called rtx corp. Great. Perfect. So we know about rtx has got a td9 count top out here Alton And price has been trading sideways ever since that form by the way that formed out here in the trading day of January the third now what price has been able to do here is hold a key level of support That being the top of its daily profile. So you are asking for support levels the first area is for 84.99 the second area 84 22 the third area 83 46 You see my home screen. Sorry about that. I'll go ahead and convert this over to my white background screens And I'll review that again when we get back from this break She wrote the old 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 Tom o'brien publishes his weekly gold report every monday morning for subscribers Consisting of coverage of the xa u hui gdx the dollar bonds the south african rand As well as 25 different mining equities with specific buy sell recommendations The gold report New subscribers get a 30 day money back guarantee. 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So, uh, beloved charlie who'll be on the right screen. We'll take a look at rtx this for alton And so in the case of rtx again on a daily time frame We can see the top out here but price is holding support So it's overall signal right now is neutral in order for this to get something other than a neutral signal You need to see it closed below 83 46 if you got that alton then price would target 81 37 its breakout level So your question was buy sell or hold i would hold but take a look at the weekly time frame chart It's got a to b equal cd the upside was a swing point taken out with volume Let's find out a swing point was from november 3rd 99 million shares there. It was taken out with 33 million and then 29 million so it wasn't taken out with volume But that a to b will cd the upside is still in effect out here You are at resistance on the weekly time frame and the price getting closed above 86 74 It'll go target 89 10 if price were to close above 89 10 This will make its way out to the 104 91 level so I would go ahead and still hold on to our tx out there I know your second request was to take a look at that debon energy But we're going to take a good gold with john infillie john. Thanks for calling. Thanks for holding. How are you doing today? Steve i'm doing very well, uh, and thanks for taking the call You might you might like to ask you of gdx, please Okay, uh parenthetically You will see in the tiger's den. I just purchased gdx The past 10 minutes My question to you sir is can you share with us your studies? on gdx And tell us what if anything? You're seeing on the weekly daily Charts that are suggesting a bottom is close at hand Watch if anything and I uh, I do repeat if anything because maybe you don't have anything that says That's the question sir Absolutely, great. Okay. So great question. Let's go take a look at the gdx out here So here's what we know about the gdx at this stage here This negated a td9 count bottom that formed on january 11th And it did it two days later that tells us about a strong moment to move to the downside Then what took place next john was price got back to a breakout level that was at 27 68 That area should have held it didn't we're now three days below that area That suggests that price would go target the next breakout level at 26 26 That's on the daily time frame. There is also an a to b equal cd to the downside pattern that I believe has formed We'll come back and take a look at that when I switch over to the black background charts because it'll be more accurate and easier for me To go ahead and and show you those levels out there on a weekly time frame john The price closed the day below 27 84 We will have a weekly profile change in trend signal That will be price closing below the bottom of its bullish structured profile if price can hold 27 84 at day's end Well, then at least a key level of support will have held and that can obviously apply and move over to the daily time frame But if price does close below that that suggests lower price and on a monthly time frame We're trading with inside its profile, but below the red oscillator and change line So it's really a negative condition or it's a bearish condition That just has me go back to the weekly the weekly not looking so good with price trading below the bottom of its profile Now that may just be signaling to you and I as you know that price is going to go retarget Its recent bottom out here. Maybe it's the high of the bottom. That's the october 6 weekly swing point We're looking at anywhere in a range of 25 62 to 27 10 So to answer your question on a daily weekly or monthly time frame Do I have a bottom signal my answer to that question would be no If I look at a 30 minute time frame chart though You just entered a long position and on a 30 minute time frame chart This did generate a rogement of indicator bottom out here and it did that at 11 a.m So you you purchased it just shortly after that So there are some profile levels here for you to watch and observe and what I would say here That was a 30 minute bullish hammer candle. So john if price were to close below that low 27 33 That would add to the idea that the gdx hasn't bottomed And that it would head lower if price were to close above 27 65 Then price will have taken out a level of resistance atop of its profile And then you know short term it might make sense to Continue to hold that but it's a 30 minute chart where I've got the bottom signal Not on the daily the weekly or the monthly But before I would switch over to my black background charts just to see what that a daily A to b equal cd pattern would look like what questions you have about these charts Steve I appreciate all that that's just what I asked for I've got some new Price points and calculations to To pay attention to so I'm going to stop and sign off now But before I do Steve, I just wanted to share with you Yeah, and your listeners and basically remind myself um the The business of buying and owning equities of precious metals miners Of course has been a uh a winless situation recently And from a fundamental perspective, I just share these three or four things with you one We know last year the uh country of mexico Changed rules on silver miners in particular uh leading to uh much more Owner risk conditions for mine operators to to operate Yes, that hurt shareholders Next we had the country of panama Go in and um Close down uh first quantum minerals that's canadian firm with a copper mine in panama uh, so uh their shareholders were hurt and The only reason I mentioned a copper miner Is because uh the streaming company, which is franco navada Had a large equity investments in that panamanian mine And as a consequence, uh first majestic, it's not first majestic franco navada got clobbered Just much more recently two big uh gold mining companies anglo gold as shanti about a month ago and uh Barrett just two or three years ago Announced that their mine output at the ounces of excuse me at the ounces of gold they're getting out of the ground Was less than what had been expected So what we're dealing with from a fundamental perspective leave the price of gold aside Yeah, there's just been relentless bearish news Maybe that changes someday or maybe this trend continues. I do not know But it's worth considering we're dealing with that environment with those specifics. So uh, so there you have it and I think Maybe maybe maybe john maybe there's a supply demand and you know, all of a sudden demands gonna outpace the supply and You know that that does it or would have you I will say this I did I'm trying to I am pulling up my charts here For the miners and uh one chart that does stick out for me. So since you're long miners I I can I'm looking at my charts and I see a gold fields gfi That still has a td9 count bottom that is in place and price right now is At the support level at the bottom of its uh profile out there Franklin ovata is one that you also mentioned that has a td9 count bottom john that uh formed out here Let me get my cursor. I'm not showing the chart. They're still populating. So it's kind of uh I'm messing with my screens out there, but it looks like here Franklin ovata So the level to be watching there is really the swing point from december 1st That was a td9 count bottom and we've seen the sideways move ever since hey john always great to speak to you Thanks much for sharing with us that great information. Have a fabulous weekend and we'll look forward to speaking with you again soon That was john in philly See bro, it's what tf and n will be right back. We're taking a dab in energy gct natural gas at mosey Currencies 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 keg stats tiger 4x report Teddy keg stat breaks down the 4x markets every monday using his 30 plus years of experience as a trading veteran of futures 4x stocks and options Teddy releases his weekly tiger 4x report every monday morning with coverage of all the major currency pairs Including the dollar index the euro dollar pound 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 4x markets tremendously when you sign up for the tiger 4x report You also gain instant access to teddy 60 minute webinar archive He just hosted 4x strategies and fundamentals What is behind the tiger 4x report for all the details and to start your 30 day tiger 4x report subscription today Visit the front page of tf and n dot com tf and n educating investors Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 247 newsletter at tf and n dot com when you subscribe You'll get a weekly report from veteran day trader larry pezzavento on stocks You need to pay attention to and you can trust larry's analysis after all He's 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 247 newsletter today tf and n dot com educating investors Will the smp 500 continue to climb for bold trades on us large cap stocks in either direction trade spxl spu u or spx s Directions daily smp 500 bull and bear Leveraged etfs Direction leveraged etfs an investor should carefully consider a fund's investment objective risks charges and expenses before investing A fund's prospectus and summary prospectus contain this and other information about direction shares to obtain a fund's prospectus and summary prospectus call<PHONE_NUMBER> or visit direction investments dot com a fund's prospectus and 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 foreside fund services llc This program is brought to you by vista gold traded on the nyse american and tsx under the symbol vgz Welcome back folks. Devon energy dvn is ticker symbol. This is for alton as questions buy seller hold So alton we go ahead and give you a buy signal Today today is going to go ahead and confirm a td9 count bottom It may for confirm a wave number seven bottom. We don't really need to so we're going to go with the td9 count bottom out here That's a that's a very clear read now that pattern could complete on a monday as you know Out here price is pulling back with what seems like lighter volume or about 2.4 million shares two hours of trading says you do about Seven million shares or so. Yes, they did 10 million the day before 11 million So volume appears to be pulling back with lighter volume out there We don't like the weekly chart Weekly chart is trading below profile and isocitor and changeline, but the daily is giving you a buy signal now When I look at a 30 minute time frame chart out here We can see erosement and indicator bottom that formed and that is got support at the lows That's at the 40 51 area and you've got the weekly but not weekly got 30 minute profile support Sit at 40 68. So you've got all the signals here to suggest taking a long position out there Um, whether it's today or you wait for additional information on monday That's really up to you the weekly and the monthly don't look great, but the daily is definitely giving you a signal So hope that helps you out and there's always thanks so much for the request have a terrific weekend out there Let's go take a look at ticker symbol gct out here. This is from God didn't write down the name, but uh, Lincoln, Nebraska I know the person who wrote this is in Lincoln, Nebraska Freezing there, you know what off out there But with regard to giga cloud giga cloud is just simply let's get over to its stock charts out here That would be helpful giga cloud is consolidating with inside its daily profile That's after forming a TD nine count and rosement them in there and wave number seven tops So you got all three in there But still this is just really perfect proof to each of us out here It doesn't matter whether you have one two or three Topping signals. It's still going to do the same or should do the same which is push price back to support So it's just so key for you and I to be able to I To identify objectively Identify support and resistance. So that's what we do here None of these uh, when I give you a support or resistance level none of these are made up pulling something out of my You know what instead? We're just looking at letting the tools identify that for so here You've got support at 1831. You're below the center of its profile likely going to pull back there to uh the daily time frame the monthly time frame TD nine count top It should take price back to its offset or change line of 15 37 But you don't have to worry about that price would have to prove itself to you the first crush 18 31 close below it Then close below 16 23 and then we could take a look at 15 37 So now the monthly chart also in TD nine count formation So you got the perfect formations here for a top But that's only going to improve itself to you if you get a close below 18 31 That's what I see when we take a look at tick symbol gct um Dan inside the tigers didn't want to take a look at natural gas. So let's go take a look at natural gas It is pulling back to its TD nine count breakout level We'll see that momentarily and i'm referring to the daily time frame. So in the case of natural gas um, it forms a high Starts pulling back and right now today It looks like it's going to close below the bottom of its bowler structured daily profile That then opens up the door for a move to 231 now in the case of uh um And that may be that may be the buy area out here when I take a look at a weekly time frame chart Your back inside his profile below a red oscillator and change line that suggests any further move lower So Dan if you're looking to take a long position inside of natural gas I would say watch for that 231 ish area Identify some type of interday bottoming pattern. Uh, that's out there and uh, that's what I would do So I hope that that helps you out with regard to that We had a request from jane and her question was what happens if the markets continue to go higher with regard to the uvx y That's a good question out there jane. Here's what I would suggest that you do the uvx y is made up of Uh, the futures contract different future contracts volatility future contract right now as we speak you've got um You've got 24 26 000 shares of the february future contract 2900 shares of the march contract out there So, um, you know, what will happen with uvx y it's I think uvx y might be a double or a triple out there Uh, it resets each day if that is in fact the case, I don't recall if it's a direction share or not But still what you're really paying attention to are the futures contracts out there and uh, and uvx is uvx y is really traded off of that So hope that that answered your question. Uh, dunk and steve wanted to take a look at mosaic. That's the fertilizer Uh, company out. Oh, oh, we are you took care of natural gas. Good. Let me just close out those charts Free up a resource. We might have a caller. We do have a caller. It is michael in Niagara Falls. Michael. Thanks for calling Thanks for holding. How are you today? Uh, okay Um, good taking my call sure Microsoft mr. Softy, um, they have earnings coming out Uh, Tuesday at the close, I guess it's around 4 30 and um 4 30 p.m. And uh Do you subscribe to a theory that, um stalks like to um, they like to act as magnets Towards round numbers Like centurion numbers like we're trading right now 395 35 right that's 400 number looks Like I find it hard to believe it won't get there So what are the good question? Good question that question is better for basil Chapman I know that basil has done some studies on that where I have not I've I've spent I've spent zero time Taking a look at that as whether it's a buy signal or sell signal So I really can't answer that because I've I've spent zero time there But you know, do we see Microsoft headed higher if I tried to answer that question? And you've got earnings coming out on tuesday So when I take a look at its stock charts, we get different pieces of information for example The daily time frame Michael is going to confirm a TD 9 count top today Complete that on monday that would then suggest that earnings come out on tuesday that we could see that you've got a top in place on the daily time frame We could see microsoft pull back Where would microsoft pull back to well the first place that we'd be targeting would be 391 28 And 391 28 michael is the top of a daily profile that formed yesterday So that would become the first level of support the second level would be its oscillator and change line That's round 388. That's 388 right now and then below that would be the other profile levels 383 02 374 76 That's the daily message. The weekly message is I want higher price It's up above all resistance levels There's no topping signal. Yes, it's got a roadsman to indicator pattern that's triggered But that needs a bearish reversal candle and the monthly chart is all out bullish all together There is no topping pattern whatsoever on the monthly time frame for microsoft as we speak right now So I would say that you know, you've got your I call back and talk to basal on monday For sure about the round numbers because he's the one that could give you clear and concise information Whereas I can't but I do see a short term top forming in microsoft And it looks like it's lining right up with the earnings time frame out there And that's just a matter of watching it pulls back and what it does at those support levels. Does that help you? Yeah, well, you know microsoft is a component of the dowel That was correct. Sure And the smp Yes, and the q's and the ndx Right, so I mean we're so close to 4818 On on the spx, right? I mean we wouldn't hovering around there today Or you know, basically about 4800 I got find that hard to believe that we're not going to test Um the all-time high for for the smp 500 I would agree with you. I would agree with you. I agree in order for it to get there in order for it to get there Yeah, mr. Softy has to has to ride has to ride the wave up Well, I think I think that it will but well, michael we're out of time here Great to speak to you as well And we'll look forward to our next conversation michael basal on monday with regard to those round number highs See roads with tfnn. We'll be right back 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 basal 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 basal 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 Everything in the universe is governed by the fibonacci sequence This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market To stay on top of stock patterns You can take advantage of sign up for the fibonacci 24 7 newsletter at tfnn.com When you subscribe You'll get a weekly report from veteran day trader larry pesavento on stocks You need to pay attention to and you can trust larry's analysis After all he's 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 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's den available to all tigers and tiger's 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 bryan and the other tfnn hosts while they analyze charts during their live tiger tv programs And join an interactive trading community with hundreds of members exchanging ideas Interact with other tigers and tiger's as they share trading ideas news analysis and discuss the market action all trading day Even at night and on the weekends the tiger's den and 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 Got folks. Hey, there are number requests that came in. I'm not going to get a chance to get to them But I will definitely on monday. That's bx nvidia ntnx and lac So we'll definitely do that. Let me just give you an overview of what's going on inside the markets right now The spies themselves have made a new all-time high today 479 28th is there The cues are at a new all-time high They're actually taking out their swing point with what looks like volume now Its swing point was december the 28th out there. So christmas season light trading. There was 27 million shares there We're already 25 million shares So it looks to me like the cues are taking out a prior swing point with volume out here The diamond's not a new all-time high and we do have an a to b equal cd to the downside pattern inside the iwm We take a look at that ntx 100 a little further here We've got i've got my horizontal trading ranges and rising price channels and so forth And there's actually an a to b a larger a to b equal cd to the upside pattern We're not seeing those charts. Sorry about that. Hold on a minute here Stevie Stevie Stevie. How do you do that real quickly?  Here's the uh for index ETFs You can see the volume 25.9 million so far on the ndx taking out december 28th of 27 million now We try to get a feel for where's price headed to well turns out in the ndx 100 now We're looking not to the etf but the actual index there's an a to b equal cd pattern takes up to 19 549 that's the same pattern that i've got inside the uh weekly time frame the next upside resistance level for the ndx 100 Is at 17 977 on a weekly basis? That's a horizontal trading range boundary line and on a monthly time frame. It's up at 17 678 So those are the likely upside price targets for it if we take a look at the dow The dow is at new all-time highs price in euros yen australian dollars Swedish corona out there This is a global rally folks. We don't get global rallies that often and you know, i'm spending my time going back to other situations like this and trying to look at the patterns to understand how these markets trade during this You're at new all-time highs with regard to the s&p if i mentioned at euros yen A great british pounds out there up you did it in swedish corona this morning as well and australian dollars This goes back to mike's question. We're going to get tops But at this stage here the pullbacks are going to be pretty mild Have a fabulous weekend folks and uh, we'll look be safe out there. We'll see you on magnificent marvelous monday. Take care


The next item of business is final stage proceedings on the power of enchafry drainage commission Scotland bill. In dealing with the amendments, members should have the bill that is SP bill 9A, the marshaled list and the group of amendments. The division bill will sound the proceedings will be suspended for five minutes for the first division of the afternoon. The period of voting for the first division will be 30 seconds, thereafter I will allow a voting period of one minute for the first division after a debate. Members who wish to speak in debate in any group of amendments should press their request-to-speak buttons as soon as possible after I call the group. Members should now refer to the marshaled list of amendments. I call group 1, minor and technical. I call amendment 1 in the name of Tom Arthur, group with amendments 2, 3 and 4. I ask Mr Arthur to move amendment 1 and speak to all the amendments in the group, please. Thank you, Presiding Officer. I move amendment 1 in my name and will speak very briefly to all amendments in these groups. As you indicated in your opening remarks, those are minor and technical amendments. Amendments 1, 2 and 3 refer to schedule 3A of the bill as it currently stands. This schedule was inserted as a consequence of an amendment at consideration stage. It makes provisions for an independent review of assessment. Those amendments 1 and 2 make a change with regard to one of the review bodies and the association of drainage authorities. In the bill, as it currently stands, reference is made to the chairman. Those amendments 1 and 2 remove that reference to the chairman, future proofing and allowing for any future restructuring that may occur. Amendment 3 makes reference with regards to another body, which reviews can be referred to the Royal Institution of Charter Surveyors. That amendment puts in addition allowing for future bodies. That again is a prudent and sensible measure because of the need for future proofing. To illustrate the need for future proofing, amendment 4 changes a reference to the original PIL Act, which was back to 1696. It was an act of the pre-union Scottish Parliament. That just makes a change to refer to the Parliament of Scotland rather than just an act of Parliament, as it is a convention that acts of Parliament refer to acts of the UK Parliament. As I said, very minor and technical amendments, which I am sure will be welcomed by the chamber. Can I just confirm with you, Mr Arthur? You did move amendment 1. Did you also try to move amendments 2, 3 and 4? I did, but I am happy to move them. You cannot do that just now. No, I did not. I moved amendment 1 and spoke to all amendments. That is fine. I was getting distracted there by Ms Harris, who I think wants to come in here. You are button pressed. No. No, it is from the amendments afterwards. I know that it is Thursday. It is tough. Right. I appreciate it. So, nobody else wants to speak. Mr Arthur. Thank you, Presiding Officer. Do you want to press or withdraw? I press. The question is that amendment 1 be agreed to. Are we all agreed? Call amendment 2 in the name of Tom Arthur, a ready-baited amendment 1. Tom Arthur, to move or not move. The question is that amendment 2 be agreed to. Are we all agreed? Call amendment 3 in the name of Tom Arthur, a ready-baited amendment 1. Mr Arthur, move or not move. Move. The question is that amendment 3 be agreed to. Are we all agreed? Call amendment 4 in the name of Tom Arthur, a ready-baited amendment 1. Tom Arthur, to move or not move. Move. The question is that amendment 4 be agreed to. Are we all agreed? That ends consideration of amendments, Ms Harris. As members will be aware, at this point, the proceedings that the Presiding Officer beidio i gyrfa dess i'r oedda, bydd y oedda rhoi chi i gyd yn ddiweddu gwybodaeth y bydd yn y bydd y byd yn y gobl o'i dod i fy nghymru y syddiadau yn gyrsbydd. Felly mae'n gweld yn iawn i'ch ddraethu eu sydd gyda gynhyrchu i'r sgolwm ysgolwyr Gwyddiadau, yn fawr,ol yn ddychgyrchu'r cyllid y byd yn y cyfanthu Llachraju. Dysgrifithau o'r ffordd y byd yn fyddai hwnnw erioednig ysdeg those when it relates to protected subject matter, therefore the bill does not require a super-majority to be passed at this stage. The next item of business is a debate on motion 14447 in the name of Tom Arthur. On the final stage of the power and Snapchat advantage Commission Scotland bill, can I invite members who wish to speak in the debate to press their request to speak at Watkins and a call on Tom Arthur to speak to and move the motion. Mr Arthur, you have eight minutes. I'm pleased to open the final stage debate on the power of and shaft rate drainage commission Scotland bill. Before I comment on what has been an eventful and involving 18 months of work, I would like to thank all who contributed to the process, including the promoters of the bill, some of whom join us today in the public gallery, to those who objected and submitted written views, and my fellow committee members, Mary Fee and Alison Harris, who's hard work and commitment made my job, as a convener, that bit easier. Last but certainly by no means least, I wish to thank the clerks and researchers for their hard work and support throughout the bills for our longer than expected journey through the Parliament. It has been and remains an honour and a privilege to work alongside all of our brilliant Scottish parliamentary staff. On who read Philip Sims, a recent article in the BBC website titled, Dull is Ditchwater inside Holyrood's Forgotten Committee, we'll know that what may have been expected to be something of a dry and technical subject has proved to be anything but. Ditchwater that certainly is, but it has never been dull, something that I'm sure my committee colleagues will testify to in their remarks. To give a brief reminder of the background, as we have been called the Forgotten Committee by some, I have made sure that no one in my own group has forgotten I am on this committee. This private bill was introduced on 17 March 2017 and is promoted by the Powfyn Chaffrey Drainage Commission, which has responsibility for the management, maintenance and improvement of the pow.  The Powfyn Chaffrey provides a drainage to approximately 2,047 acres of surrounding land near Creef in Perfyn Cynros, and the pow and its tributaries have a total length of 13.7 miles. The land that drains is defined as benefited land in the bill, and those who own land or property there are called heritors and must pay the commission a share of its annual budget. The bill seeks to modernise the arrangements for managing the pow to reflect changing circumstances including the building of many new houses on benefited land. The focus of the committee's scrutiny remained consistent throughout. Is the bill proportionate, reasonable and fair to the commission and heritors? Does it make the commission transparent, accessible and accountable? From the start, it was clear that there were concerns about some of those issues and around who benefits from the drainage that the pow provides. There was a great deal of interest from local people about who should pay and how much they should pay. It was also clear to us that there was a division between some agricultural and residential heritors. We had a great deal to wrestle with to try and resolve. The last time the bill was debated in this chamber at preliminary stage over a year ago, we knew that there were free objections to the bill and we knew that there were some complex issues to be grappled with. The committee was also confident in saying that the bill was generally to be supported as an improvement on the 1846 act. Consideration stage was lengthfair and more complicated than we expected. That was because, thanks to the endeavours of an interesting member of the public, it came to light that the land plans, which are so fundamental to the bill, were not accurate. A knowledging this to be the case, the promoters commissioned surveyors to draw up new plans using more robust methodology. The new plans had some significant differences from those originally submitted. The acreage of the benefitted land increased by almost 100 acres. All heritors' estimated annual assessments changed, several new residential and agricultural heritors were identified and one previously identified heritor was removed from the schedule of assessments. Once the land plans were finally settled, we considered the free objections to the bill. All objectors were invited to attend a quasi-judicial hearing and one objector took up the opportunity. The meeting saw the objector and the promoters making their respective cases and cross-examining each other. The committee rejected two of the objections in full, as we were not convinced of the arguments put forward as to why the objectors should not be heritors. An upheld part of the third, which was related to the lack of any rights for heritors to appeal the level of the annual budget. We then moved to the amending part of the process. The promoters responded to issues raised throughout the scrutiny process and proposed amendments to address them. That resulted in 15 amendments being lodged all by me as convener on behalf of the promoters. I will briefly comment on the most substantive amendments. One concern that raised with us was that there was only to be one commissioner for the Balgauan section, where many new houses have been built in recent years and where more than 70 per cent of all heritors live. The promoters responded by proposing an amendment to increase the number of Balgauan commissioners to three. The committee agreed that that was a much fairer position. Another group of amendments sought to improve accountability by ensuring that commissioners could not continue in their role if they ceased to be heritors. Crucially, the majority of heritors from a particular section can agree to dismiss a commissioner for that section. Responding to part of an objection that was upheld and to concerns expressed by many throughout the process, there were amendments that introduced new appeals processes. Those important amendments improved the accountability and balance of power between the commission and heritors. The Balgau now has two possible routes for heritors to appeal the amount of the annual budget. A single heritor can appeal if the annual budget exceeds the threshold, which is set initially at £60,000, and 10 or more heritors can appeal the annual budget at whatever level it is set at. In both cases, appeals will be considered by an independent body. There were also amendments that improved transparency and accessibility by requiring the commission to publish the land plans and the register of heritors electronically, making them freely accessible to anyone who wishes to see them. The power may date back for centuries, but it is important that it operates in a way that is fit for the 21st century. There was also an amendment that gave effect to the new land plans. It was this amendment that led to a parliamentary first, as we became the first private bill committee to determine that an amendment adversely affected private interests using new procedures introduced in 2016. As a result, consideration stage was put on hold to allow objections to be made to that amendment. We received two objections to the amendment and heard from the objectors and the promoters again in a quasi-judicial setting. On that occasion, we partially upheld one objection and rejected the other before going on to agree all 15 amendments. The bill that is before us today, as amended at consideration stage, is improved in terms of transparency, accessibility and accountability. It is fairer and more appropriately balances the rights and needs of the commissioners and heritors, while ensuring that the valuable work undertaken by the commission can continue effectively. I will conclude by returning to Philip Sims's article for the BBC. He observed that the power may not attract a wide interest, but as it involved the complex administration of a communal resource, he stated, this is precisely what elected representatives are for—it's textbook stuff. Under that note, I move the motion in my name. Thank you, Presiding Officer, and I begin by thanking the convener, Tom Arthur, for moving the motion and also add my support to the thanks that he gave to all who have contributed so valuably to our work over the past 18 months. To all those who have appeared before us, sent us their views, including drawings, maps and plans, and everyone involved in the interesting and informative visit that we made to the pow last September. I thank the clerks to the committee for their diligence and support throughout the process, and I also welcome the promoters of the bill here in the gallery today. Looking back over the past 18 months, Presiding Officer, it was clear to us very early in the process that the bill was important to many people. It was important to the commissioners who gave up their time without recompense to manage and maintain the pow for the benefit of surrounding land and property owners, because no other body wants the responsibility. It matters to the heritors, agricultural, residential and commercial who live and work on the land that benefits from the pow, and who are required to pay annual contributions to the commission. As we discovered, it also seemed to strike a chord beyond those directly impacted, with those whose interest is peaked by community issues that can fall between the cracks or who are familiar with either the local area or the issues that the bill has highlighted. As the convener said, we had many issues to grapple with and to try to resolve to ensure that this bill, before Parliament at final stage, was fit for approval. It was a fascinating and challenging experience, one that we all took very seriously and one that we gave our full commitment to. We also learned more along the way than we may have ever expected to about ditches and drainage. As the convener said, much of our work involves listening to the views of the promoters on one hand and the objectors and those who sent in critical written views on the other and trying to facilitate and encourage exchanges of views and compromises that address concerns on both sides. It is evident that there are some different views among those who live in the benefited land, particularly between some of the agricultural and residential heritors. One argument was that the bill benefits agricultural heritors more than residential heritors. Another argument was that it benefits some residential heritors more than others. Some heritors also told us that the bill does not in fact benefit them at all. Of course, although the process provides for all sides to be heard, it is always possible and perhaps even inevitable that some of those involved will not agree with or be happy with the outcome. It is, Presiding Officer, difficult to please all the people all of the time. However, I believe that the bill before Parliament today is a testament to the parliamentary process. Although not everyone with an interest may be happy with the bill, I believe that it is a significant improvement on the bill that was introduced. It is also preferable to there being no bill at all, in which case the 1846 act would continue to be in place and would be enforceable. The majority of heritors would not have the rights now extended by this bill. No representation on the commission for new home owners, no right to dismiss commissioners, no requirements for land plans and lists of heritors to be published, no clarification of what constitutes the benefited land and no rights to appeal the annual budget to an independent expert. I would also like to take this opportunity to comment on the promoters, the power of enchafry commissioners. I am sure that this is not being the easiest process for them. It has been time-consuming, costly and, at times, very challenging. The committee has been critical about the commission at times, stressing the need for it to engage more effectively with all heritors and to take a little more care in some aspects of its affairs. However, I would like to commend the efforts that commissioners have made to listen to concerns, to understand them and to take them on board and to propose and support reasonable solutions. As the process continued, the commission showed a growing awareness of the perspective of heritors and others who had raised concerns. The commission needs and will need in the future dedicated commissioners generous with their time and with their efforts. Should Parliament pass this bill today, I truly hope that the commissioners and the heritors, and we should not forget that commissioners are heritors too, can put past disagreements behind them and move forward as positively and collaboratively as possible. I hope that the new powers afforded by the bill make a real difference to those directly affected. I hope that Bulgarian residents take up the three commissioner posts that will be available. I hope that the new commission works well together for the benefit of all heritors where possible. I hope that the commission operates more openly than it perhaps has done in the past. Finally, I hope that the piece of legislation will stand the test of time and allow the power to flow effectively for generations to come. I support the motion in the convener's name. Thank you very much. Andy Wightman, up to five minutes please. Thank you very much, Presiding Officer. I am delighted to speak in this final stage of debate on the power of enchafred drainage commission Scotland Bill. First of all, I would like to thank Tom Arthur, Mary Fee and Alison Harris and the committee clerks for their diligent work, which I have followed closely, as someone with a long-standing interest in land governance matters. I would also like to pay special thanks to Philip Sim from the BBC for his work in publicising the subject matter in a quite effective way in illuminating some of the work that this Parliament undertakes that perhaps does not have the attention that it should. If, past this evening, this bill will be the 17th private bill to have been enacted by the Scottish Parliament, around half of the 16th to date have dealt with major infrastructure projects, projects that can now be dealt with in other ways, following the Transport and Work Scotland Act 2007. Two of the previous bills dealt with land issues, the National Galleries of Scotland Bill authorising the use of common good land and the City of Edinburgh Council Portobello Park Bill dealing also with common good, both of which are a reminder that the law on common good remains our cake with its origins, almost as far back as the power of enchafred in the common good act of 1491. Private bills are unavoidable where the intention is to review, update or amend older private acts. According to work undertaken by the Scottish Law Commission and the Law Commission, there were, as of 1974, 26,000 local acts and 11,000 private acts, still on the statute books across Great Britain. Local and private acts passed in the same year as the power of enchafred drainage act of 1846, including the burdening or selling the estate of Cumbernauld, Dunbarton for payment of debt and the Airdrie and Bathgate junction railway act. The most voluminous enactments historically were, of course, acts for works to build Britain's railways, canals and other infrastructures. As with the 2007 act in Scotland, the vast majority of infrastructure no longer requires private acts, but where infrastructure, such as a drainage scheme, such as the power with its ancient origins and governance, is still extant, there is obviously still a need. Throughout the middle ages, the abbey of enchafred was known as insula missarum, meaning the Isle of Masses, one of a number of islands rising above the flooded marshland. As early as 1218, the monks had reclaimed parts of the marsh and, of course, following the battle of Bannockburn with the Abbot of enchafred having reportedly led mass with the Scottish army, further work was undertaken as a mark of appreciation and thanks by Robert Bruce. At one level, the story of the Pau is a fascinating story of how private enterprise has, over 2,000 acres, secured the drainage of valuable land under a governance scheme that makes clear where the benefits and where the liabilities fall. A function that is being updated in the bill before us and, as Mary Fee correctly points out, a balancing act that is not always going to be agreeable to all parties, but which illustrates the importance of Parliament in balancing the competing interests that will always arise, whether in a private bill or a public bill in this place. I want to thank once again the committee for their work. I hope that the Pau of enchafred is well governed in the future and that there is no need for the promoters to come to Parliament again for at least another 150 years. Finally, the Scottish Greens will be supporting this bill at decision time. Thank you. I thank the convener, Tom Arthur and Mary Fee, for their contributions and add my name to the thanks that they have given to the many people who assisted the committee with our deliberations. It is very much felt, like a community endeavour, with the committee learning about the Pau and those it affects, listening to the varied views of the commissioners, heritors and other interested parties and proposing possible solutions to areas of disagreement. From the start of our work, we were keenly aware that the Pau and the commission are historic and unique aspects of Scottish life. Something that not many of us would have been aware of before this bill was introduced. I, for one, was certainly one of those people who knew nothing of the Pau of enchafred until that date, when we joined on. The Pau itself dates back many centuries and the commission has been subject to legislation since the act of the Parliament of Scotland in 1696. There is even a document relating to the management and obligations of the upkeep of the Pau, which dates from 1641, entitled a ratification of the mutual bond amongst the heritors adjacent to the Pau of enchafred. That can be viewed online via the University of St Andrew's online archive of Record of the Parliament of Scotland to 1707. It seems that parliaments have been considering and debating the Pau for well over 300 years. The fact that the most recent legislation was passed in 1846 highlights that history, but it also explains why the bill was deemed necessary by the promoters, because the Pau and the commission are being governed by legislation that is now 172 years old. As we know, much has changed in that time. The maps that were drawn up in the 19th century to confirm the land that benefited from the Pau show fields, woodlands and farm holdings, but not many houses. The successive centuries of drainage via the Pau has improved some of that land to such an extent that many residential properties have more recently been built on the benefited land. The promoters felt that the act of 1846 was no longer fit for purpose as it predates the building of the majority of the residential properties. They wanted powers to revalue the land and to spread the costs of maintaining the Pau more fairly. Because of outdated plans and methodology, some people who benefited from the Pau are not contributing to its upkeep. They benefit from the Pau because their properties drain into the Pau directly and indirectly in terms of both foul and surface water drainage. The bill allows the commission to ensure that people in this position, some of whom are not being charged by the local authority for drainage, are appropriately charged for a proportionate contribution to the commission's annual budget. As well as the process directly leading to the errors in the original land plans being uncovered, as detailed by my committee colleagues, it also helped to draw attention to other historical anomalies that might otherwise have remained hidden. For example, there is a piece of land that has always benefited from the Pau, but whose owners have never been charged as a result of an agreement between the then owner and the then commission. One of the benefits of the scrutiny process is that it allows a light to be shone on such historic agreements and for people to then consider whether such arrangements are still appropriate. In this instance, the promoters agreed that applying the methodology for identifying benefited land consistently meant that the arrangement in question should not continue and that the owner of the land should now be charged. We agreed at the preliminary stage that a private bill was appropriate to modernise the arrangement of the Pau commission and the focus of our work at the consideration stage, as set out by Tom Arthur and Mary Fee was to consider objections made to the bill as introduced and to respond to other concerns raised. We did that by facilitating discussions and suggesting possible solutions. It was good to see the process working as it should when objectors and the promoters attended public sessions managed by the committee to put their views and to cross-examine each other. The committee learned a great deal from these sessions and better understood both points of views and possible solutions, which may offer an appropriate compromise. While most objections were eventually rejected, two were upheld in part and led to the bill being amended to include an appeals process and to the promoters making adjustments to the categorisation of some land. Even with those objections, when we rejected them in full, some of the issues raised led to debates that helped our understanding of the dynamics between the commission and the heritors and to how best to try to resolve some of the concerns. I would like to commend those objectors who attended committee sessions, recognising that it can be daunting as a member of the public to attend a public committee meeting to argue your case. I am also pleased, as Mary Fee said, that the commission was receptive to the concerns raised and that the bill, as amended at the consideration stage, addresses many of the concerns raised with us throughout our scrutiny. I support the motion in Tom Arthur's name. Thank you very much. I think that we have finished slightly earlier than we planned, but we will move on to the next item, which is consideration of two parliamentary bureau motions. I ask Graeme Dey, on behalf of the parliamentary bureau, to move motions 15149 on committee membership and 15150 on committee substitutions. Graeme Dey, on behalf of the bureau, to move both motions. On behalf of the bureau, Presiding Officer, I move both motions. Thank you very much. We will pause until we reach decision time. I want to give all members a chance to get here for five o'clock in decision time. Thank you, colleagues. We come to decision time. There are potentially seven questions this evening. The first question is that amendment 15126.1, in the name of Annie Wells, which seeks to amend motion 15126 in the name of Christina McKelvie on demonstrating leadership and human rights be agreed. Are we agreed? We are agreed. The next question is that amendment 15126.3, in the name of Mary Fee, which seeks to amend the motion in the name of Christina McKelvie, be agreed. Are we agreed? We are not agreed. We will move to division. Members may cast their votes now. And the result of the vote on amendment 15126.3, in the name of Mary Fee, is yes, 30, no, 83. There were no abstentions. The amendment is therefore not agreed. The next question is that amendment 15126.2, in the name of Alex Cole-Hamilton, which seeks to amend the motion in the name of Christina McKelvie, be agreed. Are we agreed? We are not agreed. We will move to a vote. Members may cast their votes now. The result of the vote on amendment 15126.2, in the name of Alex Cole-Hamilton, is yes, 88, no, 0. There were 24 abstentions. The amendment is therefore agreed. The next question is that motion 15126, in the name of Christina McKelvie, as amended, on demonstrating leadership in human rights, be agreed. Are we all agreed? We are not agreed. We will move to the vote. Members may cast their votes now. The result of the vote on motion number 15126, as amended, in the name of Christina McKelvie, is yes, 89, no-one voted against, there were 24 abstentions and the motion is therefore agreed. The fifth question, the next question, is that motion 1447, in the name of Tom Arthur, on the Powhof and Chaffrey Drainage Commission Scotland Bill, be agreed. And because this is a bill, members need to cast their votes now. The result of the vote on motion number 1447, in the name of Tom Arthur, is yes, 112. There were no votes against, there were no abstentions, the amendment is agreed, and the Powhof and Chaffrey Drainage Commission Bill is passed. The next question is that motion 15149, in the name of Graham Day, on committee membership, be agreed. Are we all agreed? We are. The next question is that motion 15150, in the name of Graham Day, on committee substitutions, be agreed. Are we all agreed? We are agreed, and that concludes decision time. I close this meeting.