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Today wasn't much better.  Prices didn't fall quite as much, but today
volume skyrocketed to +30% above average!  No question, my formula calls
this a "distribution" day.

The Street doesn't want to hold stocks.  What do they know that we don't?
Can I say "I told you so" now?

Technically, prices are just above the support line I had pencilled in
that was a resistance line early in 2004.  And it doesn't look like it's
slowing down any.  That's OK, these things aren't real, I'm just using
it as a point of comparison.  It's just another thing that's useful to
raise awareness, to alert me that something is going on.  "Do ya'
think?"  It looks like the 200-day Moving Average is even in danger.
That's going to get the attention of a lot of the market analysts that
use "technical analysis".  It's widely perceived as a Bearish signal.

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

 _>__     __     __>_     __<_     04/08
 __|_     ___     _|__     __|_     04/11
 __|_     __     _|__     __|_     04/12
 _     _<__     __|_     04/13
 _     _<__     __|_     04/14

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.angelfire.com/or/paulrogers/Pers.html
http://www.geocities.com/paulgrogers/Pers.html



Paul Rogers, paulgrogers{at}yahoo.com                       -o)
http://www.angelfire.com/or/paulrogers                   /\\
Rogers' Second Law: Everything you do communicates.     _\_V

... A man is known by the enemies he keeps
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