Have a good weekend, guys.

Let's take a final look this week at the 45-min. NQ. Although fuzzy is still long, it looks like the fifth wave may be putting in today. The trend has been nicely up these last couple of weeks which has provided a tailwind for various long day trades -- having the broad market wind at your back will bail out all kinds of bad entries and sloppy executions, as fellow klutzes well know.

Nasdaq 100 futures, 45-min. Chart

The coil scanner picked up EMC again. It coiled tighter still; if it breaks down, it should whoosh. (Interestingly, QCOM has a similar pattern.)

EMC, 30-min. Chart

BBC Classic Shakespeare on DVD:

An amusing article comparing the dot-com mania with the Beanie Baby craze, by Thomas Mulligan:

In 1999 I should have self-published 'Day Trading for Dummies,' a 50-page paperback priced at $24. It would have easily sold 77,000 copies. ;-)

UBS Eyes Schwab Capital Markets, by Erica Copulsky and Jenny Anderson:

Total ETF assets down in July, by John Spence

The article included this table; what it doesn't show is that only a handful of ETFs hold the vast majority of assets.

Number of ETFs by type

Thanks to Mike of Trader Mike and Tom of SixthWorld for plugging my Atom feed yesterday.