Subj : Market Action
To   : All
From : Paul Rogers
Date : Fri Nov 05 2004 04:06 pm

Content-type: text/plain

Prices got off to a good start at the open, reportedly due to a better
than expected jobs report from the Labor Dept.  Then they turned tail
and sank back to the level of yesterday's close around noon.  But the
good news for the Bulls is prices bounced off and traded modestly higher
all afternoon.  Volume sank a little, but was still +13% above average
and that 30-day moving average line has been moving straight up since
the first of October.  The worst of the market action today was the
Advance:Decline ratio was just about a dead push.  Still, I'd say the
Bulls can't complain.

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

 __>_     _|__     __|_     _>__     __|_     ___|     11/01
 __|_     _|__     __|_     __>_     __|_     ___|     11/02
 __>_     _|__     __|_     __>_     __|_     ___|     11/03
 ___>     __>_     __|_     __>_     ___>     ___>     11/04
 __>_     __>_     __|_     __>_     __>_     ___>     11/05

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

.... Puns are bad, but poetry is verse!
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 * Origin: The Bare Bones BBS (1:105/360)

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