Subj : Market Action
To   : All
From : Paul Rogers
Date : Thu Apr 28 2005 07:28 pm

Content-type: text/plain

Are you SURE you want to know?  Oh, well, OK.  Prices fell enough to be
significant on its own.  Volume rose to +8% above average.  That's not
enough volume for my formula to call is a distribution day, but the
price change should get your attention.

It was claimed the Street was disappointed in the latest projections of
the GDP and inflation going in opposite directions.  That's as may be,
but I'd say this market has been struggling all year.  The Street isn't
seeing anything it likes 6-9 months out in the future.  I'd like to
remind the Street about the old saying, "Be careful what you wish for,
you might get it."  They got what they wished for, but it seems there's
little joy of it.

p.s.  Even if the average of 20MPH and 60MPH is 40MPH, 120 miles in 4
hours is 30MPH average speed.  This sort of problem is what you face if
you have several mutual funds, each reporting different annual
percentage gains, and you want to know how you did in the aggregate.

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

 _>__     __>_     _|__     __>_     __>_     _<__     04/22
 __>_     __>_     _|__     _>__     __>_     _<__     04/25
 _>__     __>_     _|__     _>__     __>_     _<__     04/26
 __|_     __|_     _|__     __>_     __|_     _|__     04/27
 _|__     __|_     _|__     __>_     _|__     _|__     04/28

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:  04/08/05 S&P:    1181
Winner or Loser:  loser                 By:     -10

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.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

.... That was Zen, this is Tao.
___ MultiMail/MS-DOS v0.35

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

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