Subj : Market Action
To   : All
From : Paul Rogers
Date : Wed Jan 05 2005 05:17 pm

Content-type: text/plain

The sell-off continued today.  Although prices were down just a little,
volume continued heavy, still up 25% above average.  But the negative
momentum has been enough for my timing signal to pop a SELL signal.  It
didn't do too bad this time, up 58pts, even if this wasn't a trade I
would have made.  If I had, I'd sell and ignore any dithering in the
near term.  After short sharp moves there's typically a "snap-back".
It's these first signals that tend to be most useful (see my on-line
chart for 2003-2004 for examples).  For the year, the cumulative gain
for the timing signal is 123pts, absent expenses.

In case you missed my announcement, my "Tracking the Market" page has
been updated.  Pick one of the URL's below.

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

 __|_     _|__     __|_     <___     __|_     ___|     12/30
 _|__     _|__     __|_     <___     __>_     ___|     12/31
 _<__     _|__     __|_     __<_     _<__     ___|     01/03
 <___     _|__     __|_     ___<     <___     ___|     01/04
 _<__     _|__     _|__     ___|     <___     ___|     01/05

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: SELL       Date:  01/05/05 S&P:    1184
Winner or Loser:  Winner                By:     58

See my market tracking charts for '03-'04 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

.... But soft! What light through yonder window breaks?
___ MultiMail/MS-DOS v0.35

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 * Origin: The Bare Bones BBS (1:105/360)

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