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Prices recovered in Tokyo, and at the open here.  Panic over, I guess.
But for most of the morning there was a slow downward trend.  Then they
turned on a dime and shortly made moderate gains, holding most of it to
the close.  Volume increased to +17% above average.  That makes it an
"Accumulation Day" by my conservative formula.

It's episodic and not particularly convincing, but we keep seeing
evidence there is some Bullish sentiment among buyers.  The problem is
they just can't keep it up.  If they'd just quit trying, let the market
correct and get it over with, then they'd have an easier time of it.

Well, let's see what they think after we get all the Q4 earnings reports
that have been coming out.

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

 _|__     __>_     __|_     __>_     __     01/12
 ___     __|_     __>_     __     01/13
 __     __|_     __|_     __     01/17
 __     __|_     __     01/18
 __     01/19

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:  01/03/06 S&P:    1269
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

... Sturgeon's Law: 95% of everything is crap.
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