Subj : Market Action
To   : All
From : Paul Rogers
Date : Wed Dec 08 2004 05:07 pm

Content-type: text/plain

The market was up all day, in part because the dollar rebounded a bit
vis-a-vis the Euro.  That made US stocks appear more valuable, more
worth putting money into.  Prices closed up, but only about half what
they lost yesterday.  Volume was about the same, +2% above average.

That's just not good enough.  Yes, oil, the dollar, employment (well,
that's been a drag for years), there are plenty of difficulties.  Don't
make excuses for the wannabe Bulls!  It just isn't happening.

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

 _|__     _<__     __>_     __|_     _<__     ___>     12/02
 __>_     _<__     __>_     __|_     _|__     ___|     12/03
 _|__     _<__     __>_     _|__     _|__     ___|     12/06
 _<__     <___     __|_     __|_     _<__     ___|     12/07
 __<_     <___     __|_     __|_     _<__     ___|     12/08

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

.... Blessed are the pessimists, for they made backups.
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 * Origin: The Bare Bones BBS (1:105/360)

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