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"Two steps backward, one step forward."  That's not the prescription for
getting ahead.  But it dominated the day, three times.  Volume stayed up
at +21% above average.  Needless to say, my dithering timing signal
reversed itself again--it's really better telling us when a move is over
than when it starts.  That's OK, I didn't believe it yesterday anyhow.

For the past few days prices have been tip-toeing along just above the
50-day moving average like an NFL receiver on the sideline.  I think the
Street knows it, and they're reluctant to give up, letting it sink
below.  Let it go!  I don't see any exciting reason to commit to the
market at this point.  Oh, if I was a Dollar Cost Averager, I'd keep
doing it.  But, new money, actively trading stocks, naw.  Matter of
fact, I think a brief nap would be just the thing right now.

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

 __     01/19
      01/20
 ___     _|__     ___|     01/23
 __     __|_     ___|     01/24
 _     __|_     ___|     01/25

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:  01/25/06 S&P:    1265
Winner or Loser:  loser                 By:     -2

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

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