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This was one of those days I think are deceiving.  If all you knew about
was market pricing, just listened to the newsbots, you'd think this was
a pretty good day.  Prices jumped right after the market opened and
basically held that level all day.  But I don't think it was such a good
day.  Volume fell to +7% above average.  Where were the aggressive
buyers?  Now, granted, the recent volume has pulled the moving average
higher, from 1551Ms on StPaddy's Day to 1768Ms today.  That's 14%,
caused by less than half the past 30 days of the moving average.

I know I've been writing about this for a while now, but I really think
this is a significant happening.  What we can't be sure of is what it
all means, but we certainly should be alerted!  I am.  And I'm NOT sure
which way it's likely to jump.  Short term, I see the Oscillator is
improving.  Long term, I don't see lots to encurage investors.

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

 ___>     __>_     _|__     ___>     _>__     __<_     03/30
 _>__     __>_     _|__     ___>     _>__     __<_     03/31
 _>__     __>_     _|__     ___>     _>__     __<_     04/01
 __>_     __     _>__     __<_     04/04
 __|_     ___     _>__     __<_     04/05

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:  03/15/05 S&P:    1198
Winner or Loser:  Loser                 By:     -9

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.angelfire.com/or/paulrogers/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

... I tXld yoX, "NeverXtouch Xhe flopXy disk sXrface!"
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