Subj : Market Action
To   : All
From : Paul Rogers
Date : Thu Dec 23 2004 05:37 pm

Content-type: text/plain

As I was collecting my numbers I saw lots of headlines and discussion
about bullish investors not wanting to let this Santa Claus rally go
away.  Oh, PPUULLLEEZZZ!  What investors?  Volume was -35% below
average!  Prices were unchanged.  See what I mean about the Street's
marketing efforts?  They're trying to ballyhoo and make something out of
nothing just to impress the "punters".  What a bunch of dorks!

Just take care of your tax-loss selling and maybe lock-in some tax-free
profits, but don't get excited until we see what the Street thinks of
next year.  Even then, have your salt-shaker handy!

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

 _<__     _>__     __|_     ___|     __|_     ___<     12/17
 __<_     _|__     __|_     _|__     _<__     ___|     12/20
 __<_     _|__     __|_     _|__     __|_     ___|     12/21
 __|_     _|__     __|_     _|__     __|_     ___|     12/22
 __>_     _|__     __|_     <___     __>_     ___|     12/23

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 day without chocolate is like a day without sex
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 * Origin: The Bare Bones BBS (1:105/360)

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