Subj : Market Action To : All From : Paul Rogers Date : Wed Oct 06 2004 06:00 pm


Gotta admit, the market finished with a bang.  My formula called it an
"Acculumation" day.  Prices were flat until the last hour, then they
rose strongly.  However, it was so late that the gains were modest,
about half way to being significant on their own.  Volume stayed at +13%
above average, with increasing volume during the rally, but that was a
good enough combination.  Oil closed over $52/bbl, but that didn't seem
to faze the market.  Hello?

I don't know where the Street thinks the market is going.  The only
technical formation on my charts is the declining channel trading range,
and a horizontal line at January's highs around 1160.

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

 _|__     <___     __|_     ___>     _|__     ___|     09/30
 ___>     <___     __|_     ___>     __>_     ___|     10/01
 __>_     |___     __|_     ___>     __>_     ___|     10/04
 _>__     _>__     __|_     __>_     __>_     ___|     10/05
 __>_     _>__     __|_     __>_     __|_     ___|     10/06

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:  09/28/04 S&P:    1110
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 .... Make another pot of coffee...I'm gonna read mail. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .