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Incredible Charts 4.0.3.600 is now available!

Your version of Incredible Charts should automatically update to the new version. 
Check under Help >> About on the charts menu to establish whether you have the latest version. If not, download and replace over your existing version.

See What's New! (below) for a list of new features.

USA

The Dow Industrial Average broke through resistance at 10000 after another pull-back. Light volume on the rally signals a lack of commitment from buyers. 




The primary trend appears uncertain, following the retreat back above 10000. The consolidation pattern continues.

Twiggs Money Flow has formed a double bottom below the signal line but does not yet signal accumulation.




The Nasdaq Composite also displays light volume on the latest rally.
The primary trend is headed downward.

Twiggs Money Flow (not shown) continues to signal distribution.





The S&P 500 again pulled back to test resistance at 1100. Light volume signals a lack of commitment from buyers.
A break above 1150, followed by confirmation of the breakout, would signal that the primary trend is headed upward.

Twiggs Money Flow continues to signal distribution.





NYSE Bullish Percent

The NYSE Bullish Percent Index rose slightly to 54.68% but the bear signal continues.






Treasury yields

The yield on 10-year treasury notes is consolidating just above 4.20%. 
Expect a re-test of support at 4.00%. 

The yield differential (10-year T-notes minus 13-week T-bills) is still healthy at 2.8%. 
Low differentials, of below 1.0%, are strong bear signals.






Gold

New York: Spot gold rallied to $412.90 and appears headed for a test of long-term resistance at $427.25.





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ASX Australia

The All Ordinaries rallied back above 3500, continuing the consolidation pattern. Lower volume and a fairly weak close on Friday signal a lack of commitment from buyers. A reversal in the next day or two may still result in a test of support at 3450.




If support at 3450 holds, it would be a long-term bull signal.
A fall below 3350 would signal reversal of the primary trend.

Twiggs Money Flow continues to signal distribution.





Incredible Charts 4.0.3.610 - Test version

The latest revision is available at Incredible Charts Test version if any members want to download it ahead of the general release planned for next week. Replace over your existing version.
  • The new version fixes a bug that occurs when deleting stocks from watchlists and deleting project files.
  • It also remembers (between sessions) the last 30 stocks that you have charted. 
    To find the last 30 stocks, go to Securities >> Re-open from the main menu.



Norton Personal Firewall

Members who use Norton Personal Firewall are likely to be prompted by their firewall whenever there is an update of Incredible Charts.



It is important that you select Always allow connections from this program on all ports from the list of options.
If not, you are likely to block all communication between Incredible Charts and the servers.

You may also receive an incoming communication alert:




Select Permit from the drop-down list and check Always use this action in the box underneath.


Clearing existing Norton PF block

If you have previously selected the Always block connections option, it is probably best to clear your existing settings and start again.
  • Go to Norton Personal Firewall 2004, select Status & Settings on the left.
  • Highlight Personal Firewall in the center panel.
  • Press the Configure button.

  • Select the Programs tab
  • Then scroll down the list until you reach Incrediblecharts.exe.

  • When you have Incrediblecharts.exe selected in the list, click the Remove button.
  • At the prompt, select Yes.

  • And Yes again.



When you next open Incredible Charts, you will be able to reset Norton PF at the prompts.


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The weekly Trading Diary offers fundamental analysis of the
economy and technical analysis of major market indices,
gold, crude oil and forex.
The monthly What's New newsletter covers new articles
on Trading and the Economy, as well as new software updates.



About the Trading Diary has been expanded to offer further assistance to readers, including directions on how to search the archives.

Colin Twiggs


It is remarkable that in so many great wars it is the defeated who have won. The people who were left worst at the end of the war were generally the people who were left best at the end of the whole business. For instance, the Crusades ended in the defeat of the Christians. But they did not end in the decline of the Christians; they ended in the decline of the Saracens. That huge prophetic wave of Moslem power which had hung in the very heavens above the towns of Christendom: that wave was broken, and never came on again. The Crusades had saved Paris in the act of losing Jerusalem. The same applies to that epic of Republican war in the eighteenth century to which we Liberals owe our political creed. The French Revolution ended in defeat; the kings came back across a carpet of dead at Waterloo. The Revolution had lost its last battle, but it had gained its first object. It had cut a chasm. The world has never been the same since.

~ G K Chesterton (1912)



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