The following is a presentation of TFNN, the Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. Hello, folks. Basil Chapman here. I just wanted to show this chart because I had a question about it. I always show it here in the den before the show starts or even during the show. This is the E-mini. It has the one-minute chart. So you can see I had a red letter here. I have the red letter because in the futures, because they're trading quarter points, sometimes you get parallel highs. And if there's a little wiggle in the RSI, the Red to Strength Index on the unbalanced volume of the MACD, I tend to take that as a, if it's with two bars of parallel highs, and then the third bar goes to a higher high, I say, I want to be a little ahead of the game. So maybe that isn't A, and I'll make it red to say, hey, that's not your official thing. That's your unofficial way of looking at it. And then I can get to a D, and the D would normally be a C, let's say, or a B, but it would be a letter that isn't yet the fourth highest peak, which is a P and D, but I'm prepared for anything at that stage. And all you have to do is raise your stop and use the, in this case, the nine-period moving average, which is still very positive. And now, efficiently, I move everything up to actual peaks, and here we are making a peak D and now a leg E, with the E-mini up $2 at 448.2225. Isn't that interesting? And this is after days and days and days. There were eight days of higher highs in the Dow, eight consecutive days, not just higher highs, really much, much higher highs. I was anticipating, still anticipating that there'd be some kind of just a high interest here today to see what happens, but I do have one index that I've used, or Sector, or ETF, that I've used as kind of a benchmark to say the upside is slowing down a little bit. So we grabbed a very short, very small trading position, aggressively short. Only as a trade, and that's just for folks of my subscribers, for my subscribers who really like to, they enjoy. I believe very strongly that you need never to be afraid of markets going down or going up. You should treat them equally. Going down, the patterns are the same except in reverse. So you cannot be afraid when you've got a powerful move like this, then to actually have to be brazen enough to have the chutzpah, to have the cheek to actually decide to show it means that you've got to have very tight stops, you've got to know exactly what you're doing, and you have to be very strict on your rules. And it is going against the trend. I wonder if I can show this chart here. I'll be showing it again for my subscribers. This is in my CD book, introduced in the chapter of Methodology, which, let me just get this rolling, maybe I can find it here. I think I'll be able to see it. Oh, I hope I can see it. There it is. So the question is, what do you do when a market's going up? Well, you've got to identify the trend and then trade with the trend, unless you're like an intraday or into a week, into whatever it is, you know that the trend is up, but you're prepared to have quick pullbacks and to actually trade those pullbacks. Does this look right? No. This is a rising trend with higher highs and higher lows. So therefore the arrow here pointing down, that's wrong, unless you're, as I say, very short-term trader, but the trend will save you. If you do the wrong thing in the right trend, the tide going out or coming in is going to save you. Look, going on the way down, you can have those quick pop-ups. We often try to do this sort of thing, going against the trend. We just did it today. Not sure if it'll work out. It did work out. At this point it is working out, but that's not the point. The point is that it would be a counter-trend move for people who have the agility, have the wherewithal to be able to withstand that there might be wrong, but if they're right, they'll be a really quick, nice profit. So in this case, you're going down, but wait a minute, doesn't this look so much better? Here's your trend going up. There's your arrow going up. Here's your trend going down. Here's your arrow going down. And you can see the technicals. Look, the MACD, the histogram and the slow-moving average. It's positive. On the way down, it is negative. And what is the price? This is the General Motors back in 2002 at 40 and 30. So that was this. It doesn't matter. Try to just use this as a historical kind of a benchmark of your thinking. Alright, with that said what am I going to deal with this afternoon?  I'm going to talk about let me just get this right here. So to be discussed and covered are there sectors that lag but could now lead, especially the very low-price stocks. I'm not just doing the low-price stocks, but the low-price stocks, they were quite high-price stocks during the smash over the last year and a half or so. They were really being just clobbered. And now they've had a pretty decent rally. But when you look at the monthly chart, the move might just be starting. With either that or I want to talk about some of the sectors that maybe have had a really good rally, but they're going to peter out. Their strength is going to wane and the others are going to take over. So that's what I'll talk about. Which sectors are rallying that might not have followed through? How important are the financial brokerage? One of the reasons why we went back into one of our banking stocks or multinational banking stocks is, and this is a call, the money center banks, is because it's really important for a rally as far as I'm concerned. That might not be the consensus. That's my consensus. Is that to see a strong rally that has the temerity, that has the gumption, that's able to withstand any sudden news related drops, you want to see the financials moving higher. It's really important. Together with the transport. He has the XLF, not a bad rally, but it's still only halfway into the highs that were made back in January of 2022. And the low that was made in 2022. So it's a very nice and it is a leg D in the weekly and it's a leg, it's a peak F in the company. So yeah, a little bit of a little bit of stalling motion perhaps here. But what's really important is that the KRE, and I'll talk about the relationship today for those of you who like to look at good quality positions that were weak and that are now strengthened. And here's the KRE. This is not as good looking chart as the XLF. It's a much weaker chart, but the weaker chart is actually improving a lot. It's right. It's testing the 200 period moving areas as the SOP regional banking ETF. You want the regional banks. You want those banks in middle America. It doesn't have to be middle America. I'm talking about the banks in your local banks. You want them to be participants. Some of them are maybe just on the edge of being just regional banks and their financials. But anyway, that's what you want to see. Here's the other thing that I'm looking at. How about the different sectors? The IAI, which is the broker-dealer, which we've been long since 2020. Look at this, at 45 is now 106. And it's doing really nicely. But it hasn't made the all-time high of 116. Surely the brokerage area is going to do really well if there's another whole phase to the upside coming early this year. Yeah, we want to be looking at this. We want to say what is it telling us? And which brokerage stocks are the ones that you want to get into? I'll be back in a moment Basil Chapman. I'll be back. Tigers. Tiss the season for leveling up your trading skills. Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar Wednesday, December 20th, 4pm to 5.30pm Eastern. Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024. This is a free webinar for all opening call subscribers. If you are not yet a subscriber, visit the front page of tfnn.com today to secure your spot for Wednesday, December 20th. TFNN Educating Investors. If you're looking for potential trading setups in the stock market, then Rocket Equities and Options Report is a newsletter you should try. Tommy O'Brien delivers options and equity trades when the markets present them using a combination of fundamentals and technicals. Sign up for Rocket Equities and Options Report today with a 30-day money-back guarantee so you have nothing to risk. 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Subscribe to the Fibonacci 24-7 newsletter today. tfnn.com Educating Investors 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 XAU, 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 so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at tfnn.com toll free at 1-877-927-6648 internationally at<PHONE_NUMBER> I know there's a couple of comments one is that I look at follow up on UDS, that I look at, yep, that's Wisconsin. That will, the financials bullish percentages at 86. Not sure I want to be going along finances. At this point I'm looking at FAS, FAS, and FAZ. FAZ has been crushed, yep. So I'm absolutely in your camp right now saying there are on any basis that I'm looking at many of these charts that are extremely overboard. That's why I'm thinking that there's going to be two to three phases over the next six maybe even eight weeks and I'm going to be discussing that in my webinar this afternoon because I've got a little work to do before I get there I want to go through a couple of charts. But I also look at this and I say on the short term I'm absolutely looking at this and I'm saying on the very short term we are getting overboard. Now it's on a technical level. But the stochastic is still holding at 87. It's come down quite sharply until it goes under 80. This is doing well. The single leg up in the weekly chart. I've got it as a D but in some cases it's actually an A. So I'm anticipating we're going to maybe use a choppy sideways pattern. That's one or we have a very sudden quick, one of those late December or early January, sudden slides to the downside for who knows what the reason could be and then we stabilize and then we start looking at what can now reignite the upside for the stocks that were very weak. Had a fantastic November into December. Are they ready for another move up? And I'm going to include some of the financials there. But it doesn't mean that at 86 it has to get crushed. It just means very choppy. There should be some kind of a consolidation. Why? Because it could come down very quickly from 86 to 78. 78 is not as bad as 86. And then it could go even higher. So that's a possibility. I'm just saying I'm not in the camp right now that say that's why I've got buys for my subscribers much lower down in some of the issues. But you can't deny that buying keeps coming in, John. And that's the reason. And also it's a very, not all of them doing the same. But he has JP Morgan, JP Morgan, almost at all time highs at 100 today. As I've been talking, 169 is the high. New Leg E, unless it's a new notation. And in the weekly chart, E or a brand new A.  And yet you can, let's go to it. Was it USB, USB? A U.S. banker? Oh, I remember. I had this all notated so fantastically.  And I had to go to, I had to go to what I always do, go to back up and restore. Therefore, I had to go to the save from the previous night. So I lost all my UBS notations. USB. Not this United States bank control. And it was up here. And I said, I would wait for the gap to be filled. I'd even wait for a little bit more if you hadn't gone any position. If it was a brand new position. If you're in the position, I said take a little bit off money management. But if you want to start a new position or to add to see how the gap, if it gets filled, how much gets full. And then let's look at it again. So that's exactly where we are at 43.77. And I said the 200 pre-moving average should be resistance. Been that before. Look at that fantastic four bars that couldn't break above close above 200. The 200 pre-moving average back in January of this year. It's a weekly charts. Maybe it was February. And then it plunged from the 47s down to the 20, 27s. And then it ran back up peak A. Look, there's peak A. There's B. There's C. And there's D. So there it is. D, right? What was the stock we were looking at just now? Right, at BD, at resistance, at the 200 pre-moving average. Yeah, there it is. So another question. So I hope that helps you. And as I said, when you look at stocks like this, only in a power move. One that is almost like a rally of lost resort. Just people throw money at the market. I don't see this now as that particular phase. I just see this as an extremely overboard level. We've got all those things that you need to have this trigger to the upside. You had the lower rates. You had the dollar moving down. And you had a lot of shorts. And that's the short covering press brand new buy. And now I think we just at the end of that, we're getting a little bit tired. But a little tired is not, oh my God, I see a crash coming. At this particular point, a lot of things have to happen to get the whole crash material in the background. And as I said before, my dark news cloud cover says, I see a few little clouds. They're getting a little darker up there in the sky. I don't see anything but anything more than that. Then I'll just do a subscription about ANAT. I wonder if I've got this all updated. I know I did it yesterday. I have to redo it. So that was an E. So ANAT is A-N-E-T, Arista Networks. All time high three days ago. Leg E in the monthly chart. A leg F, it could be an alternative counter. Right now I'm just calling this an F for the daily chart. This could be one of those A, maybe it's an F. F says, be careful. A says, are you kidding? You want to buy everything you can. So we don't have to consider that just at the moment because it broke that inside track. That's now propellant zone. That's now propellant zone with two 18s. It's a 236. And let's just see what the count is here. You've got D right there. And then you've got an instant restart. No, it just misses it. But that does become an E. And then this becomes a potential F. And that's what I'm saying. They could be an alternative count because the statistics are 92% in the daily. I like this very much. But it fits the same category as that. I wouldn't say quite the bank sector because this is at all-time highs. But if it's a category that says stocks that make new highs tend to come back to those new highs when there's some kind of a pullback. They stay there on the list for quite a while. So this looks great. All I can say is money management says at this particular point at 237, take a tad off. Oh, and that reminds me I must do a Vagio from Michael AVGO. I'll get it updated as soon as I got signals. And right now I'm getting signals. So this is ANAT trading at 237.10 up 40 cents. Fabulous action. Naked is good. Stochastic is flat at 92% on balance volumes of tad. Well, not a tad. It's quite a bit overboard. The 9 is over the 14. The price is over the 9. But you can see the little pink line there. I've been including it for the past few weeks. The 3x3, and this is Dave White's, one of his favorite accessory tools. Nothing that he used all the time. It is something that he grabbed when he started looking at positions that could change from up to down. But so far, nothing else is it's anything but somewhat overboard. But over-watching is overboard for a while. Now what would I look for right here? As I said, maybe take a little bit off. But this would completely change its character if in January, any time, throughout January, if it closes no matter how high it goes from here, but if it closes under 210.69 below the 4th of December, there's a complete change in the characteristic of the daily. But after it says for the week, years, and there's a potential energy candle, if this stays like this for another couple of days. All right. With that said, down 51, and the S&D's up at 167. Our target technicians are preparing for this afternoon's webinar. Coming up for subscribers, you can be a subscriber, check it out. Three 29 days and you get all my webinars and you get my calls. Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar, Wednesday, December 20th, 4pm to 5.30pm eastern. Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024. This is a free webinar for all opening call subscribers. 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In the Tiger Zen, you can look over the shoulders of Tom O'Brien 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 Tigresses 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 at Discord is accessible on mobile or tablets as well. So it's always at your reach.  Go to TFNN.com then hit Watch Tiger TV. That's TFNN.com then hit Watch Tiger TV. Hi guys, you're looking at IBRX. It's a little far away from me to see what it says. IBRX is trading at $4.91 up $0.65. That's a really good move. That $2.00 per year moving average of $5.78 would be your first big resistance. And then the high in the sixes that would be at $6.93 right there in the week of the 12th of May. But most importantly this particular pattern coming from the falling axe like this says right there and right there it says if this move to the upside first of all could do a one to one which would be let me just do this. How should I do it? I usually do it from the low to the trend line resistance in the falling axe formation. I'm just going to make it fat for now because we're looking at something that is moving quite quickly. Make that blue. And then I'm going to make this one new and I'm making it green. That'll match the other green. I'll make it this green right here. So here's what we're looking at that there should be a one to one to the upside of the falling axe formation and you've got it exactly. In fact not only have you got it exactly, it's got a fraction above it. It's trading right now at $4.97 so that's your first move to the upside. Then you've got to look at the stochastic which is at $86 and flat. The on balance volume is a little bit overboard.  The nine-period average is good. This looks very good and it says to me that the $4.58 level is going to be, the $4.50 I should say, the whole $4.50 should be really strong support in any pullback but it's a powerful move. A, you've got the volume breakout so I like that with the on balance volume but the on balance volume itself is saying just a little bit overboard. Now I've called this a B. I could have called this A. That could be a more extensive B to a C. It looks to me like I should call that 200-period moving average. They're the starting point. If that's the case, that becomes, let me just do this. I feel more comfortable with what I'm doing now. It's a little bit more conservative and I always say, be a little bit conservative and be pleasantly surprised if you are wrong because it does better than you thought. So that's the A that's the B. There you go. Yep, it's a leg C. That fits exactly what I'm looking at here. There's your B and there's your C. Hey, good eye, Dan. The other thing about this is, so now you're into the big red ugly candle of May and that just says, treat it with respect because that was ugly enough for whatever's happening now to say that's still in existence, whatever it was, it's being healed and the weekly chart has already gone to a D. Look, A, B, C, D in the smaller context right here. This is your starting point here, A. I don't know if I'm going to do much of this at all in tonight's webinar. Whatever I do, I'm going to write down and then I'll do it in greater detail over the next two days during my show in terms of chaplainwave notation. This is more looking at the big picture. What do you look at? You don't need much other than a couple of moving averages to me that's going to be really important. I want to make it as simple as possible and as understandable as possible and to say where are we? It's a look forward. It's not a look back to say, oh, miss that, miss that. It's a matter of looking at this and saying, where are we and what can we do? Just make it as simple as that. There's your dreaded H it held exactly, I believe. Yeah, okay, so that's my count for the moment. Immunity via safety. All right, next thing. Oh, there's actually no longer existence that big red bar was a problem with the third party contractor that is resolved. By the way, I bought the Lowe's anticipated resolution. Okay, so if this is the case, it is there. It is a bar that is there. So whatever made this the issue if that's disappeared and dissipated, that's really important. Look at the monthly chart. This is exactly what I'm saying. There are so many charts like this in the monthly weeks. Absolutely. Oh, you want to say, well, how can you touch the start like this? Well, you look at the daily and then you look at the weekly and then finally you can get to the monthly monthly. We don't even have to discuss until it starts to trade in the 750 area at some point. So right now it's the daily and weekly that we're looking at. Very good. Next question I had was, yeah, FDX. So how about this? So FDX, I didn't hear anything about it. I just saw the price. I didn't have a chance that I was really busy last night. I'm also preparing for today. So I did hear that Federal Express was down about 12 points, 14 points, now it's down 28 points down 10%. So this is the Federal Express. So this be right here in the monthly, in the weekly chart because the starting point is right there. Oh, isn't that interesting? This is the Chapman Wave unconventional database restart. I don't want to talk about it now. Just in terms of being average active support, big sharp fallback, that be I can go back now. I have no choice but to say, gee, maybe that was an E B. You have to do that. I want correct notation in the Chapman Wave methodology. There's no such thing as cheating. No, this is what happened. The daily chart gave you a peak F, plunges out. I should sing the song of the peak F. I'm not going to do that because there was a hint. I looked at this last night and I said, why how, what was the hint? Well, the hint was, look right here. The unbalanced volume turned down sharply from the high that was made on the 18th at 285.53 a lower high the next day. Unbalanced volume is turning down. Magdi's just still very good with turning down. That's the stochastic. Magdi was still very strong. And then look what happened. That peak F gave you a fantastic opportunity. I wouldn't have taken it. I would have had to wait another day, not knowing that there was an earnings report. And look at that. So that says, now you have to consider this is very serious to repair the damage you need to see a weekly close above the midpoint of 26, somewhere in the 270s. And it's trading at 251 soon. Take a little while. And then look at UPS. UPS is trading the United Parcel Service got repelled at the 200 period moving average and pulling back a little bit, but the weekly charge started to improve. The United Parcel Service says, gee, whatever happened to Federal Express, somehow or other, we're doing much better at the moment price wise, chart wise, but it's not going to be great until at 157 it starts to trade in the 168 area consistently. That would be a really big thing for United Parcel Service. So all right. So now the couple of questions came in that I didn't get to from last night. I'll be back in a moment. If someone wants to look at, yeah, I will do that. UEC and Microsoft two positions up here. I'll be back in a moment. Let me just put the mic so short. Lowercase H to a lowercase M. Yeah, could be. I'll be back. Gold 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 report every Monday morning for subscribers, consisting of coverage of the XAU, 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 so you have nothing to risk. Subscribe to Tom O'Brien's Gold Report newsletter now at TFNN.com. Are you ready to take your trading to the next level? Introducing Tom O'Brien's award-winning newsletter, Market Insights. Your key to successful active trading. Tom O'Brien, renowned for his expertise in the financial markets, has designed Market Insights to be your daily guide to profitable trades. 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This lowercase M, called the dreaded H, if it holds the left side low and it shows some strength but not great strength it can often go from an H to a lowercase M and then the big test of the left side low is important to monitor. Now if that suddenly turns into a new high in this H pattern, not a new high from the starting point but the arch formation if it fails at a peak AB or even a C but then you go to a higher high, that's going to be really important for two reasons because it says now the H pattern is successful and it can make a U shaped pattern, sorry a cup shaped pattern that can go back to the previous high. So this is being monitored closely it's up $1.82 and $3.75 and that's just telling me that there's still residual strength and that we cannot ignore the fact that at least in this particular case one of those Magnificent 7 is still holding really well at this particular point. Hasn't broken down at least on the short term, the weekly chart still looks very strong. So what are the parameters to watch? A close above $3.77 $6.64, size of the leg, no, pushing above the source of leg D and that's really positive and it says you could go in fact towards the high of $3.84 and a failure here says that if a source to go to below $3.72 $2.50 then it's probably going to make an arch formation once and then a second arch formation that will be a lower case M. Then you got to watch out for this left side low of $3.62.90. So far it's just sideways consolidation. A couple of things we were looking at in terms of Apple. The other day we were saying Apple I had no choice but to consider in the wave counter this was actually a leg B. Yes, I could be talking about the unconventional flat base restart I'm not going to do that right now. There's a B with the doji candles. We have to see what happens here. I suspect there's enough strength just to pop once above $198.62 that was the high of the 14th for a leg C. I might have to change this but in the meantime the technicals are decent enough to say that it has enough strength just to pop one or two more times and the monthly chart $198.23 was the all-time high in back in August of July of 2023 in the weekly chart and here it is in the cup formation and it's broken to the upside and it's a leg E slash B in the monthly chart. I think it's a B. I think this is acting really well. Amazon is just to Amazon quickly. Amazon all-time highs was back in July 2021 at $188.65 and it retested it within five months almost the same level. Peak F and then it broke down to $81. Strong leg C in the monthly chart and here again I really think that this is probably a B. There's no other way. Look the MACD is very strong. Stochastic is at 95% in the monthly. The on-balance volume is overbought. There's no question. Oh the Dow just went positive. Up $5. Very interesting. So here we are with Amazon in a new yearly high not all-time high as we speak at $155.54 the buying just keeps coming in and the buying keeps coming in because in this particular phase this accelerated I don't know if it's climactic phase just for this move that started October 27th but fear of missing out is right there. Any pullback gets bought and that's the reason why as I said we had a small split short one position started this morning and very tight stop. I wouldn't be surprised if now it's down a little bit yeah the index every following is still down but this particular move has pulled back just a little bit from where we entered. So you got to be very careful and if you want to short you have to have a very good reason and you have to be picking the weakest of the bunch for at least a quick pullback. Next question came in and that is ZS. Okay ZS Z scale I think that is ZS. I used to have this completely notated up to D and now it's in an oh look at that there's your D, there's your E. Oh so many chance I've got this exact pattern. It's like this from extension. So at this point I'm going to call it an F but it could be an F slash B just from the moment I called it an F not doing anything because the stochastic is flat in 94 everything is good and you've gotten to almost like a brand new yeah let me just do this. There's your peak D. It wasn't within 3 bars 1, 2, 3 it was in 4 bars. This has to be considered E and F energy and what I'm going to tell you right now is that the weekly chart is G slash C. Alright okay there's nothing wrong with this chart it's absolutely fantastic but just on a purely visual basis you've almost done a one to one to the upside actually talking about one to one to the upside let me just show you this just briefly and this is the Dow. This is the Dow chart I show subscribers every day. I had this as a one to one right there that dashed and I said that's about the extension that it should go to it went a little bit higher and even today it's trading a little bit higher even though the Dow right now is only down 2. But there's this cluster formation in the 120 minute chart that says there should be some resistance. So to sum it up a Z-scaler I'm not sure whether you're in it can we please take a look. Yes I'm looking at it. All I can say when prices get like this the most important thing is I found take a little bit off. It's just money management says it's at a spectacular move there's nothing wrong with it but money management says that a move such as this one two three four five six seven we don't know about today but seven days of higher highs and going from basically the 223 level the weekly chart has a little bit more tenacity because it's had a peak had a pullback and then broke above us and that tells you you've got this tremendous support around about the two 16 to 211 area and you're trading at 223. So I like it very much this is exactly the area that fits the category of former absolute great winners going into highs in late 21 2021 early 22 and then just take this one from the three maybe the three 60 or 70 area down to under a hundred announced back at 223 fabulous action. I wouldn't do anything more than take a little bit as part of money management no position but you're watching it. Okay so the way to look at this is you have to have two mindsets one is the move that is really powerful. I've got to get in but I can't get any bit closer to the position that I wanted. So you have to get in with a very small position maybe get 223. I personally would have to I would say I just have patience it's a spectacular move at some point over the next six weeks it'll be probably in the two 15 to 200 area that's where you want to look at it and that's the way I'm looking at it right now I'll be back. Tis the season for leveling up your trading skills. Basil Chapman is happy to offer all opening call subscribers a free subscriber webinar Wednesday December 20th 4 p.m. to 5 30 p.m. Eastern. Basil Chapman will be discussing major sectors and stocks that are coming off their lows in order to prepare your portfolio for 2024. This is a free webinar for all opening call subscribers. If you are not yet a subscriber visit the front page of tfnn.com today to secure your spot for Wednesday December 20th. Educating investors tfnn has just launched their new trading room 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 and now they are expanding their reach with 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 in the Tiger's Den you can look over the shoulders of Tom O'Brien 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 Tigris'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 at 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 The reality is that navigating financial markets can be risky markets can be chaotic and difficult to understand having the latest market advice can help you turn this chaos into a key for creating winning trades at tfnn we understand that it can be hard to find reliable market news that's why each of our market experts offers their very own market newsletter a must have tool for every trader out there striving to find an edge in today's markets tfnn newsletters cover every aspect of the markets so you can analyze the market before you trade try any of our great newsletters risk free with our 30 day money back guarantee just visit the newsletters tab on the front page of 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 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 24 7 newsletter today tfnn.com educating investors don't forget you can listen to tfnn live on your mobile device 24 hours per day go to tfnn.com then hit watch tiger tv that's tfnn.com then hit watch tiger tv we're looking at the we're looking at the now finding you've got your leg D isn't that interesting that it actually went all the way to a D in the five minute chart after looking like it was going to be very weak there was a very nice bounce off the lows after congressional Tom O'Brien the dinner this morning saying watch turn around for the S&P getting positive which it did now what's really important about this particular phase is that if we are in this acceleration climactic move to the upside then you've got to expect a pretty serious move even if it's one of those four to six week sudden turn downs before the market can go back up again but this the way that it's rotated through each I mean I look at the ZS scale there are so many stocks that got hammered and they've had a fabulous move they don't have to give back more than a third any pullback coming because they've made when you're listening to earnings reports some of them have done well so I'm going to be talking about this afternoon I'm going to have a bunch of stocks I'm not going to do as much on the technical side as I usually do because I've got all those webinars I'll discuss each thing as it comes about but I am looking at positions I'm looking at what we have what's working really well what we want to add to and what we've missed that I would like to get into and how we can do that and if you've missed a pretty strong move to the upside what do you do to get in now don't you want to go a few times long a full position trying to catch it cannot play catch up you have to go sequentially do it in a very logical way and that's what we try to do thank you


Hi, I'm Zor. Welcome to Unisor Education. This is the fourth lecture about construction which is using the similarity. I very strongly recommend you to go to the notes of this lecture and try to solve all these problems yourself first, then listen to the lecture and then try to solve them again by yourself. All right. So I will just start from the top. Construct the triangle by its two sides and then angle bisector between them. All right. So let's say you have a triangle and angle bisector. So you know AB, BC, and BG. These three sides we know. This one, this one, and this one. Now, what we do is, and basically it's the same way how I proved some other theorem about this bisector related to ratio of these two sides and the pieces of the base, the bisector device. I will continue this line and I draw a parallel to my bisector. Now, let's consider this triangle B, E, C. This angle obviously is equal to this one because BG and EC are parallel. That's how I constructed them. So these two angles are corresponding with these two parallel and AE as a transversal. Now, these two angles are also equal to each other because the same parallel, BC as a transversal and these being alternate inferior angles. But in between themselves, they are also equal, because BG, by definition, by the condition of this particular problem, is a bisector, it's an angle bisector. So these triangles are equal to each other, which means these triangles are equal to each other, which means this side, B, E, is exactly the same as BC, although on my drawing, which is definitely not perfect, it doesn't really seem to be this way. So consider I'm a little bit more perfect in my drawing, and B, E, B, E, C is also this triangle. Now, I would like to establish the lengths of the EC. How? Well, obviously, ABG and AEC are similar triangles. One common angle and these two also are the same. So we have similarity, and from the similarity, we can write the proportionality between BG and EC, BG and EC, which is equal to AB to AE, right? Now, what do we know in this proportion? Well, BG is a given bisector. AB is given side, we know it as well. Now, AE is a sum of AB plus BE, but B is equal to BC. So basically, AE is equal to AB plus BC. So we know it as well. It's AB plus BC. So we know three elements of this proportion, and that's why we can find the correspond EC. Now, with EC known, think about triangle BEC. We know all three sides, so we can build triangle BEC, and that's how we will start our construction. So construction starts from triangle BEC after proper finding of all components, whatever is needed. In this case, EC from this particular proportion. Now, how to reconstruct this? Well, easily, you do this, and basically from point B, you have the length AB equal to A, and that's ABC, which we need to construct. That's it. Well, what's very creative about this particular problem? This additional construction, continuation of the AB and parallel. We cannot construct ABC immediately, but we can construct something auxiliary, which we have come up with. Next problem, next problem. Construct a triangle where it's three altitudes. So we have to construct a triangle if we know it's three altitudes. Okay, well, from the first glance, it's kind of not easy. But let's consider the following thing, G, E, F. Let's consider triangles A, F, C, A, B, E. So let me maybe look in this way. This triangle and this triangle. Now, it's quite obvious that these two triangles are number one, right triangles, because these are altitudes. So angle B, E, A is 90 degrees, and C, F, A is 90 degrees. More than that, they share the same angle. B, A, C is the common angle for both of these triangles, which means they are similar. Since they are similar, I can basically write the proportionality between their sides. Okay, so they are pepotonous, which is A, B. So these are similar. So A, B over pepotonous A, C is equal to minus the catatoules, which is opposite to this common angle, which is V, E, to catatoules of this triangle opposite to the same angle, which is C, F. Now, what does it mean? These are two sides, A, B, and A, C. These are two altitudes, B, E, and C, F. So the conclusion which I came up with is that sides are basically inverse proportional to altitudes which fall on these sides, because V, E falls on A, C. You see, V, E falls on A, C. And C, F falls on A, B. So the sides are inversely proportional to the altitudes. All right, now, that's a very good observation. How can I use this particular thing? Very simply, since I know the proportionality between my altitudes and I know that sides are inverse proportional to my altitudes, I can build a triangle similar to this one. How can I do it? Well, very simply. Let me just start with A prime, C prime, any segment which I want. Now, since I know that ratio between two known altitudes and ratio between something which I will call A, B prime to my A prime, C prime is equal to this ratio, I can find out what's my A prime, B prime. I can find out the lengths of this particular segment. And similarly, from a very similar consideration about other two triangles, let's say the triangle B, E, C, triangle B, E, C, and triangle A, D, C, A, D, C. They're also similar. Once more, B, E, C shares this angle with A, D, C, which means they're also similar to each other. And I can derive from this proportionality between A, C over A, C. No, not A, C, sorry. B, C, yes, A, C is A, D, C is hypotenuse. And B, C is another hypotenuse in this triangle. They are related as the casualties opposite to this angle, which is A, D, relative to B, E. So I have exactly the same kind of thing. If I know A prime, C prime, and I know this ratio because A, D, and B, E are known to me, I can find out B, C prime, B prime, C prime. So that's how from proportionality between sides and altitudes I can actually build a triangle which is similar to the one which I need. I fixed one particular side of this triangle and using the proportionality I found other two sides. And so I have built a triangle which is proportional to mine, completely proportional, similar. Now, how to construct from this triangle the one which I need? Well, that's the easiest part. Let's say draw this particular altitude and since the triangles are similar, ratio between this altitude which is given and this altitude which I just constructed which is equal to ratio between this side which I don't know and this which is already constructed. So again, I have a force proportional between... No, this is E prime. So I have AB over A prime, B prime is equal to, let's say, BE to B prime, E prime. Now, all these except AB are known or constructed and that's how I determine AB as a force proportional. So I know this and then I'll just find all other sides very easily. Alright, so what's interesting here is to notice that sides in the triangle are inversely proportional to their altitudes and use it to construct the triangle similar to the one which we need and then scale it to the proper side. Express as algebraic formula lengths of two segments into which an angle bisector divides and opposite to this angle side of a triangle in terms of three known lengths of triangle sides. Alright, this is an explicit usage of a theorem which we have to know. So you have an angle bisector and what you have to find is lengths of two segments. So this is AB, C, D. You have to find segments X and Y in terms of three known sides. Let's say this is side A, this is side C, and this is side B. I'm using the name of the side lower case letter which is used for opposite vertex. That's how it teaches tradition for triangles. Now, this is algebra. This is non-geometry actually. And to determine X and Y, well, this is angle bisector. To determine X and Y, all you have to do is remember the theorem which I have used many times before that angle bisector divides an opposite side of a triangle in the ratio proportional to the sides it's drawn in between. So basically, C over X is equal to A over Y. Now, if you wish, I can remind you how I proved it. I think it's the same additional construction which I have to do. This is the isosceles triangle because this angle is equal to this one and this angle is equal to this one. And basically the proportionality between these sides, since triangles are similar since these are parallel lines, the proportionality between this and this, which is equal to this, is equal to proportionality between this and this. So that's how it's proven. But that's not about how to prove it. That's about an algebra which will allow me to find out exactly the values of these two segments into which Hc is divided. So I have this equation. Now, I also have another equation that X plus Y is equal to B. So these are two equations which will allow me to find out two algebraically the values of X and Y. Well, how to solve this equation? Well, for instance, from here you can put Y is equal to Yc is equal to Ax so it will be X times A over C and substitute Y into this. Y, it will be X plus XA over C is equal to B common denominator C. So it will be XC plus XI A over C equals B. X equals B times C divided by A plus C. So this is, and then similarly for the Y. So this is the answer. Now, do you remember how to construct this? Well, obviously this is the same construction which I was using many times before because it can be actually rewritten as X over B is equal to C over A A plus C. So you have force proportional between these three others which are known to us since we know A, B, and C. That's it. What's important here? Remember the theorem that a bisector divides opposite side of a triangle proportionally to the sides it's independently. All right, next. Expressed as algebraic formula lengths of two cateches are the right triangle in terms of known lengths of two segments it's a partners is divided by an altitude drawn onto it. Okay. So you have right triangle and an altitude. You have to find two cateches if you know these two segments. Basically that's it. Again, what helps here is to remember that in the right triangle H square is equal to A times B. Now, proof is really very, very elementary because these two triangles, this one and this one are obviously similar since this angle is equal to this one and this angle is equal to this one. So these are similar triangles and from the similarity of these triangles we basically derive everything including this one. Well, it's kind of obvious. In this triangle I can take A which is opposite to double-arfed angle relates to H in this triangle opposite to double-arfs as H in this triangle opposite to a single arc opposite to B. And that's where we get this particular equation. So that's simple. Now, since you know this you know the theorem Pythagorean theorem which says that X square is equal to A square plus H square, right? This is right triangle.  Now, how to construct an X square which is a product of two known segments we know. One of the previous lectures I actually explained how to do that. So basically we can reduce our problem to a known construction problem to find the segment X whose square is equal to product of two known other known segments. Now, obviously the same thing for Y Y is equal to B square plus H square which is B square plus AB which is B times A plus B which is again the same kind of a known thing. Y square is equal to B times AB product of two known segments. So that's how we found our competitive. What was important here is to again remember the theorem that the square of an altitude to a hypotenuse is equal to a product of these two segments with device hypotenuse which is an easy theorem. Next, express as an algebraic formula the lengths of the median of a triangle in terms of three known lengths of each side. All right, so in all three sides of a triangle we have to express the median. Well, when medians are involved usually what helps is to continue medium by the same lengths and convert our triangle to a parallelogram. So this is A, this is B, this is C, this is X, and this is also X. All right? A, B, C. So you know AB is equal to C, AC is equal to B, and BC is equal to A. The median is X, this is also X. I'm not going to prove that this is a parallelogram. It's an easy stuff which we have already covered in previous lectures dedicated to triangles and parallelograms. And now let's recall that in the parallelogram again that's something which we have learned before. Sum of squares of diagonals is equal to sum of squares of all sides. This is a theorem which I have proven before. Now, this diagonal is 2X, this diagonal is C, which means 2X squared plus C squared is equal to sum of squares of all sides. So side A is twice and side B is twice. So this is an equation. Again, this is algebraic formula from which we can derive our X. Now, how to construct this particular X? And the formula is trivial. I'm not going to write it. But how can we construct the formulas like that? Well, actually very easily. Step by step. How can we construct, let's say, D squared which is equal to 2A squared? How to construct this? Well, easy. That's basically 2A times 2. And we know, sorry, times 8. And we know how to construct a segment square of which is equal to a product of two given segments. So if we know this, we can substitute instead of 2A squared we can put D squared. So we know how to construct B. We know how to construct similarly E. Then we can always construct F squared which is equal to D squared plus E squared. This is the Pythagorean theory. So instead of this, we can put F squared, right? Then next construction, move C over there. So it's 2X squared is equal to F squared minus C squared. How to construct this? Again, Pythagorean theory. This is the hypogenesis. This is the calculus. After F, we have G, right? So we can replace it with G squared. Well, now we can actually do a square root from both sides. 2X is equal to G. And X is equal to G divided by 2. So by sequentially constructing D, E, F, G, we will construct X. So the algorithm is using this formula construct each individual component and then you derive with X. So from algebra we move to geometry. Express it as an algebraic formula in terms of an altitude of a triangle in terms of three known lengths of its sides. Again, it's kind of similar. So if you have three sides, how to express this particular thing? Well, very briefly, this is A, this is B, this is C. So let's call it Y, this particular segment. And just use the Pythagorean theorem. X squared plus Y squared is equal to B squared, right? This is the right triangle. Now, this is also the right triangle. So X squared plus, if this is C, this is Y, then this is C minus Y, right? C minus Y squared is equal to A squared. So you have two equations with two unknowns. The easiest way right now is to subtract one from another. So X will be out and we will have, now, this is a very simple equation. I just opened the parenthesis and Y goes out from which we have C is, let's see, Y. So Y is equal to minus A squared plus B squared plus C squared, right? This is minus, so it goes to the plus, divided by two C. So that's how we can construct Y. Now, again, algebraically it's very easy to construct. How? First, we replace B squared plus C squared with a D squared using the Pythagorean theorem where D is a hypotenuse and D and C are cateches. Now, this can be replaced again with E squared, where D is a hypotenuse, A is a catechus, so this will be, E squared would be another catechus. And this is a simple fourth proportion as we did many times before. So that's how you build Y. That's how you build Y. This is Y, right? So from Y and B, you build X. So, again, first from geometry to algebra using a couple of Pythagorean theorems and system of two equations, solve the equations, get the values of one of those things, and then you construct another. Calculate lengths of the side of a square inscribed in a triangle. Two vertices of a square are in the base. By known triangles, base lengths and then L2P. Okay. So you have a triangle with inscribed square in such a way that two vertices of a square are on the base of a triangle. And what you do know about the whole thing is the base of the triangle and its altitude. So how can we find the side of the square which is inscribed into this particular triangle? Well, again, algebra. Let's say this is X. This piece. We talk from the vertex to the beginning. And this is Y which is the side of a square. So obviously, X plus Y is H, where H is known, right? Now, we also know that this triangle is similar to the big one, right? So it's altitude X divided by an altitude of an entire triangle is equal to its side, which is Y. This is the square, right? Relates to the base of the big triangle. Okay. Simple system of two equations which actually is very easily resolved. X is equal to, from this one, Y times H over A. Substitute to this one. So you have Y times H over A plus Y is equal to H from which Y times H H plus A is equal to HA. So Y is equal to HA divided by H plus A. Simple thing. How to construct if you know A and H and that's how you get the side of a square. Well, that's it. That concludes this particular lecture. It seems to be interesting at least to me that you can always use algebraic methodology to solve geometric problems. And it actually goes both ways. I mean, from geometry, you jump to algebra. You do certain calculations and the results of the calculation you can convert back into geometry by constructing whatever the formula you have come up with. All right. That's it. I do recommend you to go through all these problems again and I do recommend you to register and take exams. Very important. What's also very important is for parents and supervisors to get involved into this and also register so they can actually see the results and actively participate in the educational process. That's it for today. Thank you very much.