Subj : Market Action To : All From : Paul Rogers Date : Mon Oct 11 2004 04:58 pm


Prices were marginally positive, but apparently looking forward to
decent earnings reports for Q3, while volume sank to -26% below average.
You'd think Columbus Day was a holiday or something.

Well, we'll see how good earnings are.  Even so, don't forget that's
just one quarter.  Even if they're good, and even if that indicates the
"recovery" continues, still earnings are just one aspect of a truly
sound economy.  In 2001 it was easy to feel we weren't far from a 1930's
style meltdown, and frankly some of those structural issues still
remain.  I still strongly believe the Japanese market of the late 20th
century, and the British economic history of the past few centuries,
have great lessons to teach investors.

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

 _>__     _>__     __|_     __>_     __>_     ___|     10/05
 __>_     _>__     __|_     __>_     __|_     ___|     10/06
 _|__     _>__     __|_     __>_     _|__     ___|     10/07
 _<__     _>__     __|_     __>_     _<__     ___|     10/08
 __<_     _>__     __|_     >___     _<__     ___|     10/11

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:  09/28/04 S&P:    1110
Winner or Loser:  tbd                   By:     tbd

See my market tracking charts for '02-'03 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 .... Aibohphobia (n.): The fear of palindromes... ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .