Subj : Market Action
To   : All
From : Paul Rogers
Date : Mon Oct 25 2004 05:11 pm

Content-type: text/plain

Prices fell after opening and several times found 1094 a resistance
level.  Just after lunch some news hit the Street and prices rallied
back to nearly the previous close, and seemed to hold around that level.
I suspect the news concerned the Norwegian government calling an end to
their oil workers' strike.  Volume was below average for only the second
time in over 5 weeks, -2%.

I don't see any "good news" in any of my charts to report.  I'm not sure
we should expect anything significant to happen in the market this week,
absent some momentous news, eh?  It's not clear if today's low volume
signifies anything about the mutual fund managers' portfolio shuffling.

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

 _|__     _>__     _|__     ___>     _|__     ___<     10/19
 __|_     _|__     _|__     ___>     _|__     ___<     10/20
 __|_     _>__     _|__     __>_     _|__     ___<     10/21
 _<__     _>__     _|__     __>_     _|__     ___<     10/22
 _<__     _>__     _|__     _>__     _|__     ___<     10/25

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: SELL       Date:  10/13/04 S&P:    1114
Winner or Loser:  Winner                By:     +4

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

.... Know how to boil a frog?   Heard about global warming?
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