not only is it the statistics, but often after breakouts, you get checkbacks, so that would be -- and there's the other. we're looking at 79, 78 on the bkx and also something interesting, guess what a 50% replacement from the low to the high is. exactly to this level. whether you call it a checkback to the breakout and those who want to be longer-term possibly get this. it's about here and now. if you're buying the banks now, i think you're buying a little early. you can own them lower. >> all right. carter worth, thank you very much. all right, guys. >> whoa, whoa, whoa. whoa. >> what? >> you've got -- he can't just leave on the island. we've got to bring him in, man. look at ashley over there with the chair. we're bringing him in. waving him in. >> if you're so interested in charter worth, we should have a chair. >> hi, carter. >> ashley, thank you. these guys wouldn't get up from the desk to bring the chair over. thank you,. >> that in the business is by the way -- >> is that georgetown? >> somebody get me a chair! and a velvet crown. >> carter, thank you. >> it's a mac and fill is

an overshoot, checkback. now what's the next reference point once you come out of that?ell, it's the prior tops. all right, so here's the next chart. we are right at the prior tops. now, while some might call it a breakout, the real setup is not just to move aggressively through. you want to back and fill and coil at the high. that gives you the tension for a breakout. so we've returned to a fairly difficult level. i'm thinking it is a bit overdone. and the trade is going to be on the uup. so the uup is not quite at the level -- i think it's going to stop on any further strength, and i think you want to fade this, and bet against this move having moved from the top of the range to the bottom. top to the bottom. and we're right back to the top. that's not the setup for a breakout. that is a setup in principle for some reaction like this. so fade this move. that's my bet. >> all right. thank you, carter. so mike, are you -- how are you -- are you trading the dollar? if so, how are you trading it? >> this is one of those situations -- we were just talking about the move hav

we're due for a checkback and it's already starting. so i think the bet here is that these go lower, and actually, here's a little bit of the history of this circumstance. when the top five stocks, what ever they might be, whether it's big energy or big financials or a combination thereof, whenever the top five stocks equal the bottom 250 in terms of their value. on a one, three, six-month basis, that basket understorms the bottom 250 to the tune of 250 basis points. we're betting you don't want to be in these or reduce exposure. and they're all sort of putting up lame. facebook, we just saw, amazon and so forth. s&p 500, technology sector, right? it's the biggest sector in the s&p. you can draw lijs any way you want. one way we could draw them f we were to come back to this trend line. then implies about the 750 level. that trend line also happens to be the 750 level this way. so let's put them together. that's a pretty darn good reference point. back to about 750, that gives you about a 5% selloff from here. i think that's in the card