Subj : Market Action
To   : All
From : Paul Rogers
Date : Fri Jun 03 2005 06:51 pm

Content-type: text/plain

It was a downhill slide all day today.  Employment data showing less
than half as many new jobs were created as expected just reinforced the
recent mood.  But the Street wasn't panicking, volume dropped to -15%
below average.

I'd keep a close watch on the "new" SEC.  Cox is a politician, more used
to saying things than doing them, and in the past his business attitude
has been laissez faire deregulation.  The Street doesn't care about
political dogma; but getting ripped-off?  THAT it cares about!  And in
the past few years we've seen plenty of evidence that there is no
inherent honesty in business.  If the Street decides Cox isn't doing
enough to enforce honesty, you can expect them to take their money out
of the market.  Wouldn't you?

p.s. If you happen to be having a birthday any time soon, Congrats!

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

 __|_     __|_     __>_     <___     ___|     __>_     05/27
 _|__     __|_     __>_     _<__     __|_     __>_     05/31
 __|_     __|_     __>_     _<__     ___>     __>_     06/01
 __|_     __|_     __|_     _<__     ___|     ___>     06/02
 _|__     __>_     __|_     _<__     __|_     ___>     06/03

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:  05/17/05 S&P:    1173
Winner or Loser:  tbd                   By:     tbd

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

.... A conclusion is a place where you got tired of thinking
___ MultiMail/MS-DOS v0.35

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

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