Subj : Market Action
To   : All
From : Paul Rogers
Date : Fri Dec 10 2004 05:35 pm

Content-type: text/plain

Talk about your mixed messages...  Today the market seemed to treat
yesterday's closing price as a resistance level again.  All morning
prices were below the line, and every time prices rose to meet it, they
turned-tail and retreated.  During the afternoon they staged a brief
rally, then fell back and hugged the line until the close.  What
happened to yesterday's buyers?  There's just no way anybody watching
the market cannot have doubts about the Bulls' dedication.

Prices were down, negligably, and volume was down, -3% below average.
So today's action is nothing to worry about on its own, but it does
cause one to question.

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

 _|__     _<__     __>_     _|__     _|__     ___|     12/06
 _<__     <___     __|_     __|_     _<__     ___|     12/07
 __<_     <___     __|_     __|_     _<__     ___|     12/08
 __<_     <___     __|_     __|_     _<__     ___<     12/09
 _|__     <___     __|_     _<__     _|__     ___<     12/10

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

.... Let us taunt it; perhaps it will become cross, & go away
___ MultiMail/MS-DOS v0.35
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 * Origin: The Bare Bones BBS (1:105/360)

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