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Conferences Current Daily Commentary (2005) (Protected)
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Duncan	25-Feb-05, 06:55 PM (GMT)
"2 highs, vulnerable"
D The move, from a too b; was the cross channel move The last top turn, was when it turned south, from the lt blue line, under c; that is the mid channel line; the 2 dark blue lines up, being the channel perimeters We is building, for a break, above the, lt blue channel mid line The major trend The lime trough, catches the bears in a trap The orange dot; is the left end of the diamond that’s forming; backtracked into the reverse apex with the lt blue line above; and the pink line below The brown line, is then drawn from the orange dot; splitting the lt blue line and the pink line; the brown line, is the diamond centre line Today, the price has rallied away, from the centre line, from the pink dot The mega transfer day, is the thick green vert; its ranged with yellow box Essentially, the transfer sits in the lower half, of the diamond build The diamond build, that comes after a severe bear trap; the lime V trough The diamond is a consolidation pattern, coming after the severe bear trap, in the lime V The follow on big vol days; are the bottom turn, on the bear trap, in lt blue; its actually the buy the drop day; not the bottom turn day The bottom turn day, is at b Then the 2 verts mustard painted days On the last up turn, the frightener day; and the day prior to the frightener day What is for sure; is the trend is holding up Up And the 2 highs, on the chart are starting to look, more and more vulnerable A and c The stops, are sitting in the green box, above the a and c highs 11000 is looking, more and more attainable, near term
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Duncan	25-Feb-05, 07:03 PM (GMT)
1. "His zeal got ahead of his judgment"
Associated Press Windshield Wiper Developer Dies at 77 Friday February 25, 10:51 am ET Robert Kearns, Inventor of Intermittent Windshield Wipers, Dies at 77 DETROIT (AP) -- Robert Kearns, the inventor of intermittent windshield wipers, has died of cancer, according to family members. He was 77. Kearns died Feb. 9 at his home in suburban Baltimore and was buried in Michigan on a misty Valentine's Day. "It was going just enough to have the wipers going on intermittent. I thought, `How appropriate,'" Kearns' daughter, Maureen Kearns, told the Detroit Free Press for a story published Friday. Kearns was born in Gary, Ind., and grew up in suburban Detroit. He was a member of the Office of Strategic Services, the forerunner of the Central Intelligence Agency, during World War II. After the war, he earned engineering degrees from the University of Detroit and Wayne State University and a doctorate from Case Western Reserve University. In 1967, Kearns patented the intermittent wipers he invented. He demonstrated the system to Ford Motor Co., which introduced cars with intermittent wipers in 1978. Other automakers soon followed. Kearns filed a patent infringement lawsuit against Ford and collected $10 million in 1990. Five years later, the U.S. Supreme Court let Kearns collect around $21 million from Chrysler Corp. for using his design. Kearns, who was acting as his own lawyer, was disappointed because the court didn't bar the company from continuing to use the wipers. He called the decision "a travesty" and left the money uncollected for years. Much of his money went back into other lawsuits against General Motors Corp. and around 20 other automakers. U.S. District Judge Avern Cohn, who presided over five of Kearns' trials, said Kearns was frustrated because he wanted to be a major manufacturer. "He was feisty, determined and he established the fact that he made a contribution to the auto industry that was unique," Cohn said. "His zeal got ahead of his judgment." Maureen Kearns said her father's home was filled with legal files. After a point, she said, "his life was simply this battle." Kearns suffered from Alzheimer's disease in his final years. Kearns is survived by his daughters, Maureen Kearns and Kathleen Corsetty; sons Dennis, Timothy, Patrick and Bob; a brother; and seven grandchildren.
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Duncan	25-Feb-05, 07:14 PM (GMT)
2. "quit thinking; follow a plan with fixed rules; a plan with an historic edge"
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Duncan	25-Feb-05, 07:31 PM (GMT)
3. "follow a plan with fixed rules; a plan with an historic edge"
D 90 mins, till the close on the week; and we have a doji week drawn pink dot under prior doji, was under green dot the top of the chart Orange doji, was a Buda doji it gave support that got skimmed, with the last bear trap at French blue dot Its sure sharpening, into a tri point At the lt blue meet brown lines Guess where, the short stops are Above the lt blue level The lime trend line, starts at the Iraq invasion The yellow dot is the lo, subsequent to the Madrid bomb week; the biggest mara down week, on the chart M Note, the last bear trap, going under, the pink down sag line The sag down channel ceiling, formed after the Madrid bomb week Then it rallies out of the bear trap, to go well above the pink line Its looking, to bust higher Bubu, not made easy Its looking, to buy the hi Buy strength Still They say, that’s what you is supposed to do Hard, to do Mind you Still Rules are for obeying
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Duncan	25-Feb-05, 07:54 PM (GMT)
5. "Buy strength"
D After the yellow box stops, got torched, in dec punters thought it was safe, to go short, in jan But in feb, it lifts again Now the stops, are in the green box; above the old yellow box Would you not run the price up there, if you was a market maker I would Mm can They should On the face of things Buy strength Sell weakness What we got? Strength
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Duncan	25-Feb-05, 08:52 PM (GMT)
6. "silly question"
The World's Most Successful Madam What turned a convent-educated Home Counties girl into the ruthless head of a sex empire? Was it greed? A troubled mind? Or a broken heart? D Answer = she wanted to be rich; and she liked the way she got rich It’s a full moon now Fwiw We have this week; as the biggest pin down on the cym Its either, a pump up Or its, strength Either way Its set, to run higher, for a few days Bubu looks to be, buying the hi or the breakout Could dip back mon; maybe Bubu always seems better, if the day before is a down day I suppose, I should be happy, with all this, up move conformity
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Duncan	25-Feb-05, 09:14 PM (GMT)
7. "x3 tops = buy sig"
D Test for supply, in box Orange move; out and up; into the hi Green move; the second charge, into the hi Blue move; the 3rd charge on the hi They say, buy triple tops Why? We is set, to draw a triple top If you compare, the fut with the cash; the fut seems, way to far ahead Out of sync
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Duncan	25-Feb-05, 09:36 PM (GMT)
8. "projecting an engulfing 2 weeks, over last week"
D Price is looking, to lift above, the dec hi Into the, lt blue box When it does It will leave, the week before this week The left bar, in the lime box engulfed, with a 2 week engulfing layover; the projected pink box That’s, a sell sig My guess.. Its set to torch, the dec hi; but after it does; it will draw, the engulfing pattern in the pink box; a clear engulfing pattern, that may just put in, an ultimate top Turn 13 We see, how things pan out
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Duncan	25-Feb-05, 09:44 PM (GMT)
9. "sp"
Sp Hello I noticed that you trade with a satellite link. D I used to have a sat feed; but I ditched it Sp I have been trying to find information on using satellite instead of dsl with no luck. D Sat feed is not helpful, in my view Its just another piece of nonsense, to lure people, into day trading Sp I would appreciate any info you could give about trading e-mini sp intraday with a satellite link. D Seemingly, you are in, day trade mode My view is simple; it’s a mugs game sp Have heard that the uplink isn't fast enough. Thank You in Advance D You need time to think, in this game Took me much time, to figure that one But; do tell us something, about yourself I suspect, you are residing in the usa Have you read, any of the forum?
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Duncan	25-Feb-05, 10:08 PM (GMT)
10. "x3 top"
D We have, a triple top They say, it’s a buy sig If you look at it, relative to the test for supply action, in the left of the lt blue box Its indicated, a result from the test for supply, 3 times now, that’s saying, anticipate higher prices The 3 green up moves, from the test flange level Bubu enters long, mon 9pm
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Duncan	26-Feb-05, 08:03 AM (GMT)
11. "The Dow Industrial Average has had a turbulent week. Stocks fell sharply on Tuesday, with a large red candle and strong volume. Support then held at 10600, with a 3-day rally testing resistance at 10850 to 10860. Lighter volume on the rally indicates that resistance may hold and we could see further consolidation between 10860 and 10600."
http://www.incrediblecharts.com/free/trading_diary/trading_diary.htm
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Duncan	26-Feb-05, 08:25 AM (GMT)
12. "gdp"
Associated Press GDP Report Sends Dow to Year's Best Close Saturday February 26, 1:42 am ET By Michael J. Martinez, AP Business Writer GDP Report Pushes Blue Chips to Their Best Close of the Year: Dow Up 93; Nasdaq Rises 14 NEW YORK (AP) -- A better-than-expected reading of the nation's gross domestic product sent stocks substantially higher for the third straight session Friday, with the Dow Jones industrial average and Standard & Poor's 500 index each posting its best close of the year. The major indexes all finished a turbulent week higher. Wall Street welcomed the latest GDP data, which showed the economy growing at an annualized rate of 3.8 percent in the fourth quarter, up from last month's 3.1 percent estimate from the Commerce Department and better than economists' 3.5 percent forecast. As stocks rose through the session, investors managed to put aside recent fears of inflation and focus on the growing economy, which should allow the Federal Reserve to continue its policy of regular interest rate hikes without harming companies' ability to borrow money. "The lingering fear in the market right now is the Federal Reserve, because they are in a process of moving rates higher, but nobody knows really how far," said Joseph Keating, chief investment officer at AmSouth Asset Management. "But if you look at today's data, for example, you see that the economy is in good shape, fundamentals are sound. What's not to like about the stock market? We just have to get past these fears." The Dow rose 92.81, or 0.86 percent, to 10,841.60. It was the Dow's best close since Dec. 28 and gave the blue chips a three-day gain of 230.40, following Thursday's advance of 75.00 and Wednesday's 62.59. Broader stock indicators were moderately higher. The S&P was up 11.17, or 0.93 percent, at 1,211.37, its best showing since Dec. 31. The technology-focused Nasdaq composite index gained 13.70, or 0.67 percent, to 2,065.40. The Nasdaq continues to lag behind the other major indexes and remains down for the year. Weakness in the dollar and a sharp rise in oil prices above $50 per barrel made for a volatile week on Wall Street, marked by a 174-point tumble in the Dow on Tuesday. Strong economic data helped push the indexes higher over the past three sessions, however. For the week, the Dow rose 0.52 percent, the S&P was up 0.84 percent and the Nasdaq climbed 0.33 percent. The GDP report helped the dollar gain ground against the euro for the first time this week, though the dollar remained mixed against other currencies. The bond market edged higher on the news, with the yield on the 10-year Treasury note slipping to 4.26 percent. Crude oil futures -- which surged earlier this week as the dollar tumbled -- fell slightly after the GDP report. A barrel of light crude closed at $51.49, up 10 cents, on the New York Mercantile Exchange. Oil stocks rallied, resuming their place at the forefront of the market. Exxon Mobil Corp. was up $2.13 at $63.26, while ChevronTexaco Corp. added 78 cents to $61.94 and ConocoPhilips climbed $2.14 to $112.32. All three stocks reached all-time intraday highs in Friday's trading. "You've seen energy stocks taking off while technology stocks have been lagging since mid-December," said Ken Tower, chief market strategist for Schwab's CyberTrader. "I think if energy stocks are going to lead the market, then tech stocks won't be. Energy stocks represent higher consumer prices, and that will cause technology stocks to suffer." Qwest Communications International Inc. fell 34 cents to $3.86 after MCI Inc. said it would look at Qwest's improved $8 billion offer, which included a provision to guarantee the stock portion of its bid, but that it was still standing by its $6.7 billion agreement to merge with Dow component Verizon Communications Inc. Verizon climbed 70 cents to $36.20. MCI lost 21 cents to $22.60 after reporting a loss of 10 cents per share for the fourth quarter. Excluding one-time charges, however, the company beat Wall Street's profit and revenue forecasts. The Wall Street Journal reported Friday that the boards of directors for Federated Department Stores Inc. and May Department Stores Co. would meet in the next few days to finalize Federated's bid for its struggling rival, valued at more than $10 billion. Federated fell 22 cents to $56.79, while May rose $1.50 to $35.35. In earnings news, The Gap Inc. added a penny to $21.29 after the clothing retailer beat Wall Street's fourth-quarter profit expectations by 3 cents per share. The company said it would also double its annual dividend. Department store chain Kohl's Corp. beat analysts' forecasts by a penny per share in the fourth quarter, crediting stronger sales and higher margins. Kohl's gained $1.90 to $47.80. Advancing issues outnumbered decliners by more than 3 to 1 on the New York Stock Exchange, where consolidated volume came to 1.94 billion, compared with 1.9 billion on Thursday. The Russell 2000 index of smaller companies was up 9.97, or 1.59 percent, at 637.53. Overseas, Japan's Nikkei stock average rose 1.1 percent. In Europe, Britain's FTSE 100 closed up 0.7 percent, France's CAC-40 climbed 1.43 percent for the session, and Germany's DAX index gained 1.03 percent. The Dow Jones industrials ended the week up 56.38, or 0.52 percent, finishing at 10,841.60. The S&P 500 index gained 10.15, or 0.84 percent, to close at 1,211.37. The Nasdaq rose 6.78, or 0.33 percent, during the week, closing Friday at 2,065.40. The Russell 2000 index, which tracks smaller company stocks, closed the week 7.40, or 1.17 percent, higher at 637.53. The Dow Jones Wilshire 5000 Composite Index -- a free-float weighted index that measures 5,000 U.S. based companies -- ended the week at 11,934.05, up 148.83 points from last week. A year ago the index was 10,583.92 New York Stock Exchange: http://www.nyse.com Nasdaq Stock Market: http://www.nasdaq.com
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Duncan	26-Feb-05, 08:25 AM (GMT)
13. "always believed the stock market would keep soaring"
Associated Press Ex-Exec Gets 10 Years in Investment Scheme Friday February 25, 5:04 pm ET By Erin Mcclam, Associated Press Writer Former U.S. Technologies Exec Convicted of Cheating Investors Sentenced to More Than 10 Years NEW YORK (AP) -- The former chief executive of U.S. Technologies, who was convicted of cheating investors out of $13.8 million and funneling some of it to a trust for his children, was sentenced Friday to more than 10 years in prison. C. Gregory Earls, 60, of Washington, D.C., also was ordered to pay nearly $22 million in restitution and report to federal prison in mid-April. He was convicted in April 2004 of 22 charges, including securities fraud, wire fraud and mail fraud. Earls persuaded investors to invest $20 million in a private firm called USV Partners that he set up in 1998 to buy stock in U.S. Technologies, a Washington-based Internet firm that collapsed when the dot-com bubble burst. But federal prosecutors said he diverted $13.8 million of the money, including putting some in a trust for his children and using some to buy Tiffany & Co. jewelry. Earls' lawyer conceded to U.S. District Judge Naomi Reice Buchwald that Earls played "fast-and-loose" with other people's money but always believed the stock market would keep soaring and he could pay his investors back. And when Earls gave a somewhat scattered apology, the judge eventually said: "There simply does not seem to be a genuine recognition of the wrongfulness of his conduct." Before she imposed the sentence of 10 years and five months in prison, Buchwald heard from two investors who said they had lost their money by falling for Earls' scheme. One of them, Ken Jones, said he should have listened to his wife. The wife "knew from the first time she laid eyes on him that Greg Earls was a con man," Jones said. "Greg Earls repeatedly lied to my face and sold my financial soul."
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