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The Street shrugged-off an increase in the Consumer Confidence Index for
August, waiting to see the initial dammage reports from Katrina,
especially on the Gulf rigs and piping.  Sure enough, crude surged.
Prices closed down modestly, but volume increased to +4% above average.

Or maybe it was today's data that more than 1 in 8 Americans is living
below the poverty line, and the percentage has been increasing for the
past 4 years.  Is anybody paying attention?  Who's responsible?  Yeah,
right, blame it on the terrorists.

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

 _|__     _>__     _|__     ____     ___<     08/24
 ____     _|__     _<__     _|__     ___<     08/25
 ___     _|__     _<__     _|__     ___<     08/26
 __|_     _>__     _|__     _<__     _|__     __<_     08/29
 _|__     _>__     _|__     __<_     _|__     __<_     08/30

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:  08/16/05 S&P:    1219
Winner or Loser:  Winner                By:     +25

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

... You CAN GET better help- but it costs more!
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