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Something was going on today, but the supposed sources of Wall Street
news did NOT want to talk about it.  Prices had been modestly higher all
day.  Then right at 3:00 they took a straight-line dive and were nearly
-5pts lower, below the line, at 3:15.  Thirteen points would have been a
significant change.  Still it's definitely suspicious.

Maybe some news got released at 3PM, but nobody wants to say what.  Or
maybe it was one of the big houses clearing orders early so they could
all split?  Volume was "holiday light", -31% below average.  So it
wasn't an outright panic, but this was more than just Main Street
selling.

Oh well, we'll see what next year brings.  Will it bring a NASDAQ at
3,000 again?

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

 __|_     <___     __|_     _|__     __|_     __|_     12/22
 __>_     |___     __|_     _     __|_     12/23
 _<__     |___     __|_     <___     _|__     __|_     12/27
 __<_     |___     __|_     <___     __|_     __|_     12/28
 _<__     |___     __|_     <___     __|_     __|_     12/29

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

... Knowledge is camouflage, it hides the reality beneath
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