Daytrading to earn a living: Stimulate and boost economy.

Their first step is raising government spending as the credit crunch delays the effect of recent interest rate cuts. G-20 countries including the U.K., Japan, China and Germany are rolling out stimulus packages. Democratic lawmakers in the U.S. are signaling they will enact a second round of stimulus legislation.

The IMF will have a role, along with the Financial Stability Forum in conducting ``early warning exercises'' and issuing joint risk assessments of financial markets, the two organizations said yesterday. The FSF includes officials from the Group of Seven nations along with Australia, Singapore, Switzerland and the Netherlands.

G-20 members are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the U.S., the U.K. and the European Union.

The Netherlands and Spain are also represented, as are the IMF, World Bank, and United Nations.

Japanese Prime Minister Taro Aso's office said his government will offer up to $100 billion in lending to the IMF at the summit and ask other nations to give further resources.

Tracking the Dow on Friday,14/11/08.

5 days to Dow Futures Expiry.

9:30am:--A 100.0 points skid with a bullish bottom spin.

Retailers continue to expect a weak holiday shopping season;Citi is laying off at least 10,000 employees starting this week.

10:30am:--Gap fully filled.

October import prices were down 4.7% month-over-month, exceeding the 4.4% downturn that was widely expected.

11:30am:--Bearish Engulfing.

Fed Chairman Bernanke stated in a prepared speech regarding coordination among central banks that financial turmoil was the product of a global credit boom, and monetary policy actions have not resolved the ongoing strains in financial markets. He also stated that continuing volatility of markets and recent indicators of economic performance confirm that challenges remain.

12:30pm:--Bullish Engulfing.

September business inventories were down 0.2%, which is below the consensus forecast of a 0.1% decline.The drop in oil has caused considerable weakness in the energy sector (-4.3%).
The White House said it is talking to Congress about accelerating the $25 billion auto loan package that was already appropriated, Reuters reports.

1:30pm:--A bullish inverted hammer.

In economic data, October import prices were up 6.7% year-over-year, missing the consensus of an 8.2% year-over-year increase.Division among congressional officials continues to ensnare possible plans that will provide federal aid to automakers. Recent reports indicate a test vote is expected next week.

2:30pm:--Bullish hammer at the 2nd attempt near the opening.

Treasury Secretary Paulson recently stated that the major purpose of the TARP was to stabilize the financial system and get lending going. He noted that it is highly likely there will be another capital program within the current $700 billion plan. Paulson also stated that he thinks the system has clearly been stabilized. The stock market may not entirely agree, though, considering the persistence of volatility in the major indices.

3:30pm:--Bears on rampage.

Paulson spoilt the party.Trading remains volatile as investors continue looking for a bottom amid ongoing uncertainty in financial markets and global economic conditions. However, if anything is certain at this point, the bottom won't be marked by a clear V-shape.

4:00pm:--Bearish spin at day's bottom.

The usual Friday unwinding position ahead of weekend.

Friday's candlestick pattern has closed nearly half the body of Thursday and left with a small lower shadow.The Bear Pivot has been penetrated and any pullback will be covering back the green portion.