Subj : Market Action
To   : All
From : Paul Rogers
Date : Tue Jan 25 2005 05:02 pm

Content-type: text/plain

Prices gapped up at the open, but although they sagged again in the
afternoon, they were able to hang on to some gains--basically making-up
for yesterday's losses.  Volume was +5% above average yesterday, not
good, but up +12% above average today, better.

Well, we were due for a bounce.  Until proven otherwise, that's all I
think it is at this point.  But we get these days during corrections,
even during Bear Markets.  I think we have to master the "Selling into
Strength" tactic.  When prices rise like this we want to feel
optimistic, that it will continue, that we ought to hold on all the
tighter.  We need to be free to use these days to take a little extra
profit, or cut our losses a bit, when it really looks like the most
likely direction in the near future is even lower.

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
 -__+     -__+     -__+     -__+     -__+     -__+

 _|__     _|__     _|__     __|_     _|__     ___|     01/19
 _|__     _|__     _|__     __|_     _|__     ___|     01/20
 _|__     __|_     _|__     __|_     _|__     ___|     01/21
 _|__     __|_     _|__     __|_     _|__     ___|     01/24
 __|_     __|_     _|__     __|_     _|__     ___|     01/25

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:  01/19/05 S&P:    1185
Winner or Loser:  loser                 By:     -11

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

.... Lottery: a state tax on stupidity.
___ MultiMail/MS-DOS v0.35

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

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