Subj : Market Action
To   : All
From : Paul Rogers
Date : Mon May 02 2005 06:12 pm

Content-type: text/plain

Once again the market was all over the map, falling precipitously at 2PM
when oil prices closed up.  It looked severe, but then I checked the
vertical scale--the trading range was pretty subdued today.  That's one
thing we have to check before we can make a judgement about the day's
trading.  I like to look at 5-day charts to make comparisons more clear.

Prices closed up modestly, but volume sank to -3% below average.  So
there's not much to make of the day's action.

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

 _>__     __>_     _|__     _>__     __>_     _<__     04/26
 __|_     __|_     _|__     __>_     __|_     _|__     04/27
 _|__     __|_     _|__     __>_     _|__     _|__     04/28
 ___|     __>_     _|__     __>_     __<_     _|__     04/29
 __>_     __|_     _|__     _>__     __>_     _|__     05/02

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

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

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