Wow. Maybe 1,050 on the S&P won't happen any time soon after all. Tuesday's attempt at a breakout has clearly failed, and we've even broken the only decent upward trendline in sight.

As I often say late on Fridays, I'll do a real post this weekend. Even I am kind of blown away at the lack of strength in the market. I guess a collapsing jobs environment will do that, though. It's really something to behold.

Oh, and as for Coach (COH)? I was surprised to see so many people running around closing their shorts. I personally am hanging on to me until COH is nearly $10 or so.

Good night.

But at least we had a nice close 🙂 What a great week!

I'm juggling a lot right now, so there won't be any other posts until the market is closed. Talk among yourselves.

I'm trying to pull myself together, because Anne Hathaway's freakishly large mouth and eyes are getting on my nerves. Some pervasive social icons bug me more than others.

A number of folks have asked me wondering where the Retracement Levels feature in TOS' ProphetCharts is. Folks, folks, I've tried to explain this before, but let me try again:

When a new version of ProphetCharts comes out, we roll it out to either Prophet.net or the Toolbox, or sometimes both. That's the beauty of web-based products. Instant delivery.

The TOS application has to "bundle" the .jar file so it isn't instantly available. Any given ProphetCharts usually gets rolled into whatever the "next" release of TOS is, which is typically a week or two after the web release.

So…………it's coming, it's coming!

Before the market opened, I dutifully entered the figures from RetracementLevels.com into ProphetCharts (via the spiffy new Retracement Levels dialog box). I was already short the ES. The jobs report came out, the ES zoomed higher, but it was a contained move. Then, blammo, the /ES plunged. Let's check it out:

So I covered the /ES at about 890 for a nice profit. Pretty sweet, eh? These levels are able to provide a marvelous combination of confidence and guidance, in my experience. Love 'em!