jroger:  I took your chart and turned it into the $COMPQ.  The Mac D showed Negative Devergence from Mid October to Early November.  The 13/34 EMA Crossovers though would have kept you on the short side of the market from Mid November to Early April.  If you had QID all that time, it would have been an AWESOME play. Then QLD from then till now.

I had QID early on but allowed myself to get shaken out.  I think that I'll pay more attention to the Divergences and the EMA crossovers from now on. (I only learned about the EMA crossovers from Matt recently)

Finam

IT seems like the BIG money is in the ULTRA ETF's.  It sure would be nice to have a system to play QLD and QID.

I use the 13, 34 Crossover and it seems to work pretty well. If there could be a BEEPNER type thing on this it would be GREAT for us longer term traders.

This may be something that you are working on with the Renko.  Have a GREAT weekend,  FinaM

THANKS MATT:  I held onto SNDK and see a nice day up today.  Finam

Michael:  If you click on the actual chart of John Murphey's update, it will open and you can see the chart settings at the bottom.  (I tried it when I read his article last night)

Then you can duplicate those settings and set up a similar chart to follow.

I have not tried to annotate and then upload, but that may also work (as it does with Matt's dynamic charts that he posts)  FinaM

I just checked Fidelity and could not buy XAL so it must be an index.

Most of the airline gains have recently been made though.

THe ETF for the airlines is XAL.  It does not show up on the IBD website but does on Stockcharts and Fidelity. FinaM

One  of the Public sites at Stockcharts has had a top posted for quite a while now.

Mkt Top: May 6th 2008

Mkt Bottom:  July 24, 2008

I guess we will see... FinaM

One other thing about the Renco Daily chart for $COMPQ. (in Stockcharts) 10 Months.

It clearly shows NEGATIVE divergence on the RSI for the timeframe of Nov 1 Top. 

and POSITIVE divergence for the timeframe of March 17 Bottom.

This might be something that even I can follow (not being a DAY trader - I prefer to follow the Daily or weekly if possible but look at the shorter fimeframes for any major divergence)

Someday when I learn how to post charts, I'll attach them.  But you can take the chart that Matt posted and just change the timeframe and Ticker if you want to see this for yourself.

Matt:  How cool!  I just tried the Renko chart with the Daily NDX and the Daily SPX and they look like something easy to follow combined with the Slow  Stockastic crossovers. It certainly does get rid of a lot of the noise. 

If you look at these, we are clearly in an uptrend. (Daily)  FinaM

Maybe next time we do Gold Stocks?  Especially if they move faster.

DZZ has still been a good trade. THANKS,  FinaM

Matt:  Nice addition of the BB.  Would this help some other indexes?

Acrobat writer sounds good to me too.  I like the idea of annotation but I can always hand write once I print it too.

I was just able to use Michael's suggestion and copy it to word and then prit it from there.  IT WORKED.  Thanks to both of you for getting back to me.

Michael:  Great Idea.  I'll try that.  THANKS.  Finam

I also like the newsletter the way it is.  I know that you put a LOT of work into getting it ready. Those that don't have time to read it on Monday mornings should be able to print it out to take for the day.

I am having difficulty printing it though.  I changed my settings to Landscape and it now prints out just the headding and not the charts.

Are there any suggestions on how to print out the charts on the newsletter?

Matt:  You did point out the negative divergence here (THANKS)  I also noted that it crossed down under the uptrend line.  I am just trying to refine my buy and sell signals for the NDX and S&P. I did note that the daily and weekly are still positive.

Would it be too much trouble to post the Daily NDX and SPX on the top of your BLOG for the longer term traders?  (Dynamic with comments)  I am noting that you discuss them on your updates so they would only need to be updated once a day.  (if the comments change) THANKS,  Fina

Matt: You did not point it out on the 15 Minute Dynamic (but you did do a sell arrow)..

I see Negative Divergence on the RSI and the Mac D for the 15 Minute SPX.  Just checking, am I reading this right?

Bkout3  Yes, I am using IBD and it was as of around 7:30 AM so this changes all the time (I think every 2 minutes)  My numbers just give you an idea of the strong volume stocks.

If I am reading it right.  For those who are now following the S & P 15 Minute chart we should sell SDS and buy SSD as the 13 has crossed over the 34 EMA and the Slow STO crossed back up over 20.  (Nasdaq did it yesterday)

Top Volume stocks as of 7: 30 AM today

GLD Volume + 544 Price - $1.51 (Positive for the Short Gold Position)

PWE Vol + 182 Price - $.72 (May be catching its breath as has had a strong run up so far)

DIG Vol +131 Price -$2.56 (check cross down below the 70% level of Beepner) Has someone recently checked this?

CRUS Vol +68 Price +$.03

SNDK Vol + 63 Price + $.83 (Nice for those of us swing traders who held on yesterday)

ATHR Vol + 54 Price +$52

I had that problem yesterday.  You need to log onto Stockcharts first.