Subj : Market Action To : All From : Paul Rogers Date : Wed Sep 15 2004 05:45 pm


Today the market fell from the get-go, and it never even tried to
recover.  Coke and some tech companies reduced their expectations.
The bad news is volume increased to +5% above average, so sellers
were willing even if prices were lower.

This isn't the sort of action I'd want to see if prices were fixing to
penetrate a 9-month long resistance line.  Well, we'll see, but it's
hard to look at these charts and be as optimistic as we're told we
should be.

 Price    Vola-    Momen-   Volume   Oscil-   Summ.
 Change   tility   tum               lator    Index
 -__+     -__+     -__+     -__+     -__+     -__+

 __|_     __|_     __>_     __<_     __|_     ___>     09/09
 __|_     __|_     __>_     __<_     __|_     ___>     09/10
 __|_     _<__     __>_     __<_     __|_     ___>     09/13
 __>_     _<__     __>_     __<_     __|_     ___>     09/14
 _|__     _<__     __>_     __|_     __<_     ___>     09/15

Timing Signals:  I don't use or recommend timing signals, but they're
fun to watch.  If I did though, well, I might use something like this.
(Be warned!!  It tends to whipsaw around signal points!)

Last Signal: BUY        Date:  08/24/04 S&P:    1096
Winner or Loser:  tbd                   By:     tbd

See my market tracking charts for '02-'03 and my investment strategy
study at my website(s):
http://www.xprt.net/~pgrogers/Pers.html
http://www.angelfire.com/or/paulrogers/Pers.html
http://www.geocities.com/paulgrogers/Pers.html

Paul Rogers, paulgrogers@yahoo.com -o) http://www.angelfire.com/or/paulrogers /\\ Rogers' Second Law: Everything you do communicates. _\_V .... If the door is Baroque, jiggle the Handel! ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .