All right guys, first off, i want to say this. I i want to thank everybody for uh the kind words from yesterday's video. You know i i got ta. I got ta come out straight up and say that my emotional swings are all over the place.

I'm a passionate guy, i'm an energetic guy and when i, when i feel stuff and go through stuff, it's uh. It's very straight on right. I like to be in the moment and and endure things and feel things the way that i think they should be pretty straight up. You know and just acknowledge what is and uh what i think of things so uh.

I appreciate that you know i'm not in a spot where i'm like down in the dumps and i'm worried about my well-being and this, and that you guys don't have to worry about that. More than anything, it was an opportunity for me to come out and speak about some problems that i've had and some uh some things that i'm trying to work through. You know, but ultimately it comes down to this control the controllables and do not control what you can't control, except what you can't control and move on with your day. But as you can see by the title of this video, it says breaking news and i this is probably the first time that i've ever clickbaited people and it's for this main reason.

It's because there's not breaking news right, and why do i say that? Why do i want to talk about this? This is actually gon na be a very short video. It's because, as holders of amc right, we the people, the apes are always hoping for that. One magical moment that one thing that's going to drive the price action to do exactly what we want to see it do, but the truth of the matter is right. All the research and all the things that we know about this stock are out there.

At this point, right and what you have to pay attention to day by day by day is not necessarily the one minute candles, which is why i don't stress out over the one minute candles. I try to talk about other things on my channel now i try to focus on fundamental research on big picture things that are happening within the economy within the world situation, the world economy right. It's because of that exact fact, the due diligence is out there right. The things that we need to know about the stock are out there, the apes are there, the the problems that we know and i've identified are there, and we can reiterate that and talk about that day by day by day, but i've gotten away from that, because I recognize that as a person there's more room, that we can push as individual people to continue to move forward with amc stock and it's to not focus on the one-minute candles as much as we have been because you know what you hold.

That, ultimately, is what it comes down to. You know what you hold with amc stock on any given day right, you're, not looking for some sort of freaking miracle piece of dd. That's going to change the game. What you have to do is be patient and have conviction and what you know it comes down to this right.

For me, three main things have the shorts cover their positions. Is there still fundamental problems within the stock market, systemic problems in the stock market and the apes still here and for me, all these questions right are very easily answerable. Shorts have not covered their positions, there are still systemic and fundamental problems in the stock market and the apes are still here right. That's as simple as it gets, and you can see that by looking at the overall vortex data, 20.28 percent current for interest or free float, you can see that uh, the short interest hit a new all-time high, not that long ago, right hit up to about 21 Dang near that 103 million shares on loan compared to 85 percent of the exchange reported data on vortex right.

You can see that the stock as we're sitting right now was a red day. It was down two and a half percent, but where are we sitting right? Where are we ultimately sitting smack dab in the middle of this fibonacci retracement right? You can see that it's right on the line of this uh 61.8 retracement, so just a hair beneath that 50 retracement right you're, just waiting for the next big move up you're waiting to break out of this long scale, sort of downtrend false breakout right here touch Points touch points, touch points, touch points, touch points where you can see all the different times it has tested this. What you're waiting for is the momentum return right, and i think ultimately, this is a mistake that i've made in the past. Looking back on the stock, i remember and i've gotten critiqued for this many many times i said 48.50 and and it's done you're gon na see the next huge swing.

The next big move that three test trend. That's played out many many many times and it got what looked to be the beginning of that right. It pushed up here to about 52.34, which ended up being a false breakout and it came back down to gravity right, but where i think my mistake was is timing, i think, if you look at the cycles of the way that this thing has made its big Moves right january june and how long of a period of time is that that's about five months right, that's a long period of time, and you had a lot of recharge time between that right. A lot of false breakouts, a lot of little moves here.

Little moves there until ultimately, it got that next, big move up to 77 and the difference here is just the number of people and that you had some not all right. Some of the shorts cover in a cycle sort of way. You can see that reflect right here right. The short interest is at 17 and dropped down to 11 or 10 11 or so, and you saw that back here as well.

In january 12, short interest dropped down to about eight and a half percent, and that was off of a very small amount of covering and a lot of interest by the apes right. The apes control this stock, the apes hold 80 percent of the flow of this stock, according to the latest research, and the latest down has been put out by adam aaron. So, where my mistake was, i think was timing. So what am i looking for right? I think it's probable, i'm not going to say 100 percent, obviously, but i do think if you're looking in terms of at some sort of time frame to expect you're looking at that november to december sort of time frame, because that does line up with that.

Five months out from june july august september october november, five months right, so i think that's where a lot of people here, including myself, have gotten it wrong. Is we thought that it would happen sooner? The next big push would happen sooner based on the technical setup, but if you're to zoom out and look at this on a daily candle. Well, what do you see? That's similar. You see this 25 sort of move.

You get this bump right here right and it lines up pretty damn well with what you're seeing right here, huge sell-off, bump nice bump right. It comes up to 14 and 40 cents and it rejected. That was what i would consider the first test of that critical level, so it ultimately came back down, did a little bit of sell-off a little bit of sell-off a little bump little bump right, and then it got that next big move in about a five-month uh Time frame, or so from january, all the way up until that june mark now it is a little less than five months, but you get the picture here. You've got very similar sort of setup here with a little more uh.

Hang right just hung on to that price. Longer it had more strength, holding that's that 58 60 dollar range for a prolonged period of time, but it's a very similar setup. That's what i would consider this to be this sort of bump. This first sort of test of those old price levels is right here on the chart, what would be about march, or so so.

What i'm looking for next is something like this: a break out of this downtrend right. Ultimately, just as i've drawn up, you want that break out of the downtrend, and then you want to see it sort of find that continued strength and set those new higher lows until it ultimately comes to what i would consider that may in june time frame. It gets that continued momentum and i think that strength is going to come because, historically speaking later in the winter season of the stock market is typically when you see some more strength come in because less people are going outside it's not summer time. More liquidity comes into the stock market.

That sort of thing i i think we just have to be able to zoom out and recognize that there's not always going to be breaking news coming up on the stock every single day and that's okay right, i'm not looking for breaking news every single day, because Truth be told, there's not going to be breaking news or breaking dd every single day on this stock and ultimately that wears people's mental. We got to be able to recognize that and not obsess over the one-minute candles man, i'm telling you i'm telling you to make this a sustainable effort for you to be able to hold this stock as you would any other investment you can't be stressing out over The one-minute movements send some price alerts right set, some price alerts, be able to step away and have them go off and when they go off admire right, take the opportunity to enjoy what's in front of you and then go on with your day, because if it's Not at your your selling point yet you just got to keep going on and keeping on man. That's what i'm telling you so short video. I don't have much to say because not much happier with amc today, but i do want at least a couple days a week.

Give you guys these updates outside of the the small scale and large-scale economic sort of videos that i'm making trying to dig into some of the freaking silly chickens out there, like like jim creamer and kenny griffin and freaking david scott? And all these guys and a lot of the large large-scale events in the world that are happening, uh, that's kind of. What's what's been going on right, not a lot! Not a lot happened this week outside of. If you look at the one-hour candles, we had a pretty decent sized push here back on uh, the sixth. So that's what we had for the week man, it wasn't bad we're setting those higher lows right.

It is trending in the right direction, but ultimately i stand by the same thing. You want to see a break out of this large-scale downtrend that has been in effect for a very long time. Right touch. Point touch.

Point touch. Point touch: point touch point. False breakout touch. Point touch point you can see.

This is still respected level. Once you get a break out of that man, that's when the momentum to me is going to come and then that 4850 level, where you can see that flat top that's the next point in which you're probably going to see some rejection, some sort of resistance and Then from there i stand by it, i do think 4850 is gon na, be the lights out level very similar to 1450. We were just early, we were early right, we saw it back here, 1450 rejected and then ultimately it still got that 1450 break, and that was the big move. That was the move.

We all waited for. That's the one. That's gon na bring us the freaking, tandy town, chicken, church, kraken kingdom, and that's what i've got for this video, so blah blah blah you don't lose people drop like consider, subscribing do what you want to do. My friends catch the next one, much lovely taps and peace.