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"Where'd everybody go?"  OK, so the bond market was closed for Veteran's
Day, but the Stock Markets were open!  Nevertheless, it looks like the
Street wanted a long weekend.  Prices were little changed until
afternoon, but even then such gains as they had were subdued.  Volume,
however, was -24% below average.  So, even though news reports wanted to
say prices continued their upward trend for the third week in a row,
today's action wasn't significant.

However, as an investor we should never neglect days like this when
holidays are likely to result in very light volume days.  If there's
just a minor imbalance of orders, what buying or selling there is can
have inordinate effects on prices.  We might be able to get a far better
price for our stock, buying or selling, than expected, if we're paying
attention while everybody else has abandoned the market.  It used to be
more pronounced when people did all the trading, but these days some of
the big traders and specialists leave computers watching things.  Those
things don't take holidays.  Still, if we're given a gift, we should be
prepared to take it.

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

 __>_     __>_     __|_     _>__     __|_     _>__     11/07
 _|__     __>_     __|_     _|__     __|_     __>_     11/08
 __|_     __>_     __|_     _|__     __|_     __>_     11/09
 __|_     __>_     __|_     __|_     __|_     __>_     11/10
 __>_     __>_     __>_     |___     __|_     __>_     11/11

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:  10/31/05 S&P:    1207
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{at}yahoo.com                       -o)
http://www.angelfire.com/or/paulrogers                   /\\
Rogers' Second Law: Everything you do communicates.     _\_V

... Read the docs.  Wow, what a radical concept!
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