Subj : Market Action
To   : All
From : Paul Rogers
Date : Tue Dec 07 2004 05:28 pm

Content-type: text/plain

Would it be a stretch to suggest investors should always remember the
lessons of "Pearl Harbor Day"?  Clearly the Boy Scout Motto, "Always be
prepared", applies.  I can't quite say nothing that happens in the
market should surprize you.  But you should should always be paying
attention, especially when bad news arrives!  Don't reject it.  When you
receive warnings, act!  And don't count on dumb luck, not having "all
your eggs in one basket", to provide what protection you have.  Always
have an adequate array of your resources deployed for your protection.
If you remember your history, you know exactly what I'm referring to.

I checked the market action this morning before heading to the mall, and
it was hugging the line again.  Apparently the Street got indigestion at
lunch, because at 1EST it all came apart and started sliding.  It isn't
a "Distribution Day" according to my formula, volume was up only +2%
above average, but prices were down nearly enough to be significant all
on their own.  The momentum of the Advances vs Declines has fallen out
of bed, the Oscillator has come within a skosh of falling into my "very
negative" classification.  This isn't looking good.

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

 ___|     _<__     __>_     __<_     __<_     ___>     12/01
 _|__     _<__     __>_     __|_     _<__     ___>     12/02
 __>_     _<__     __>_     __|_     _|__     ___|     12/03
 _|__     _<__     __>_     _|__     _|__     ___|     12/06
 _<__     <___     __|_     __|_     _<__     ___|     12/07

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

.... If it works the first time, quit testing it.
___ MultiMail/MS-DOS v0.35
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 * Origin: The Bare Bones BBS (1:105/360)

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