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The morning was volatile but it settled modestly below the line until
mid-afternoon, and then it slid.  It was blamed on some economic numbers
better than expected, all things considered.  Prices closed moderately
lower and volume picked-up a bit, to +6% above average.

Another 5pts tomorrow would be just the thing!  It's not that I'm
suggesting the "game" is rigged, there's some grand conspiracy to
control the market--let's call it "a convergence of interests".  Under
it's charge of providing a stable, orderly market, the NYSE is allowed
some latitude in its rules and operations.  The floor specialists can
and do order trades in ways to clear conditional orders, e.g. stops, on
their books.  And the actions of traders, responding to the progress of
the market, can create the "technical indicators" by their cumulative
behavior as an "emergent property".  In much the same way, it's easy to
observe that freeway traffic behavior follows the rules of hydraulic
flow in fluids.

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

 __>_     ___>     __>_     _|__     ___>     __>_     11/23
 __>_     ___>     __>_     _     11/25
 _|__     __|_     __>_     __     11/28
 ___     ___     11/29
 __     ___     11/30

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: 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

... Don't assume malice for what stupidity can explain.
___ MultiMail/MS-DOS v0.35

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