Subj : Market Action
To   : All
From : Paul Rogers
Date : Mon Nov 01 2004 03:41 pm

Content-type: text/plain

As expected, volume fell-off noticable today, -5% below average.  Prices
ended unchanged, but were all over the lot: rising early when oil fell
below $50/bbl, then falling preciptously when an Iraqi pipeline was
blown-up again.  Prices are just above the upper, resistance, line of
the trading range, as I've drawn it, and are beginning to roll over.

You know, there is just the possibility the Street, in it's looking
ahead 6-9 months, has already discounted the results of the election and
is telling us it isn't particularly optimistic come what may.

By the way, I have too, in a way.  I already know what the subject of my
commentary tomorrow will be.

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

 ___|     _>__     _|__     __>_     _|__     ___<     10/26
 ___>     _>__     __|_     ___>     __>_     ___<     10/27
 __>_     _>__     __|_     __>_     __>_     ___<     10/28
 __>_     _|__     __|_     _>__     __>_     ___<     10/29
 __>_     _|__     __|_     _>__     __|_     ___|     11/01

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:  10/27/04 S&P:    1125
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

.... A good catchword can obscure analysis for fifty years.
___ MultiMail/MS-DOS v0.35
---
 * Origin: The Bare Bones BBS (1:105/360)

.