On my QQQQ chart the 10-day crossed the 20-day ema yesterday and both are poised to cross the 50-day today. A mirror-like opposite move is unfolding on PSQ. As Matt and Steve say, this is a simple signal, but it might prove profitable today.

Please pass this message along to Ravun. I realize my comments Tuesday were out of line. Please accept my sincere apology.

Both FAZ autos crossed higher Tues. Early AM Wed. indicators are for gaps higher, but the PSAR crossed lower on the close Tues. Is it safe to but FAZ on a pullback Wed. a.m.?

SRS bursts to the upside! Will it last? Only the 15 min. test will tell!

Thanks for the new FAZ auto system. I'm trying to decide when my subscription expires next Monday whether to go for the 6 months deal (a bargain!) or bail altogether. Incentives like this encourage me to hang in there. Thanks.

SRS crossed to the upside in the last half hour of trading today, made a day's high and then closed modestly below it. Meanwhile, the three major indexes closed lower, portending a reversal Tues. Which way do you think SRS will gap on the open, assuming it gaps at all?

It loooks to me like the 13/55 SMA along with parabolic SAR works pretty well on the 15 min. NASDAQ comp (comp on my charts). I watch the RSI and MACD, and also flip to the 5 min. and 10 min. charts for early warning signals. Also the SPX 5 min. I find the parabolic SAR crossing through the prices consistently gives me an early warning to bail out of a position. Often this gets me out ahead of the close and ahead of the EOD gyrations yet still close to the closing price.

I trade through OptionsXpress and so I have to enter the mechanical signals by hand. But OX's Java charts allow me to overlay parabolic SAR indicators over the price and I find that to act like an early warning signal. Yesterday I was long SSO from the cross. About 3 p.m. or so Matt or Steve warned that the 5 min. SPX was rolling over. At about the same time the parabolic SAR crossed through the prices. If I had exited when that happened I would have been better off than if I had waited until EOD. Also, getting out early I would have avoided the gut-wrenching EOD gyrations that seem to bedevil the markets so much these days. As it happened the SAR crossed at just about the high of the day. EOD was lower. Just an observation. Any thoughts?

I foolishly deleted all me inbox and outbox entries. Please respond. I want to tell you more about my system.

QLD 15 min. 10/49 crossed on my charts this morning. SKF 6 min. 29/86 looks like it might, too. My question is: Instead of exiting at EOD, why not use a trailing stop? Don't they say "cut your losses short and let your profits run"?

Here's a note to all who use Explorer: For weeks I've been bedeviled by chart overlaps in the daily updates. Today I learned how I (at least) maybe have fixed that. Instead of simply left-clicking on the update I want, I right-click it and then click open. When I do that the charts appear in the order they're supposed to. Don't ask me why, but this seems to work for me.

Matt: The EOD 15-min. mechanical pages mentioned in this morning's update won't open for me. When I try I'm asked to install Silverlight. I do that, but then the pages won't open. Do I need to turn off my firewall first? Thanks!

Here's how to read Fibo-Gann. Apply a Fibonacci or Gann fan to a Fibonacci chart. Pick an obvious turning point such as a 52-week high or low. See how the fan corresponds to later price turns. This takes a little shucking and jiving until you see the fan blades line up with price turns, but if you get it to a point that seems to make sense, the Fibo-Gann projection should show you where prices are headed. If you go long or short on the basis of this projection, the target prices  will tell you where, more or less, to take profits.