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Prices changed little all day.  Volume continued modest, down to +4%
above average.  This in spite of some large M&A announcements.  So I'd
say the day's action was more negative than it seems.

I think most people feel better about the Katerina recovery since Vice
Adm. Thad Allen has been appointed to lead the effort.  Why?  I think
there's something we investors can learn from that.  Execution, in a
word.  The military commitment to effective action will be a pleasant,
if necessary, change.  We could say the same for the heros of Flight 93.

For all I've harangued about strategies, I also talk about tactics.
When things happen we need to know what to do, and be able to DO IT!  If
we don't know what to do in a certain circumstance, then we need to be
committed to remedying THAT situation.  But we can't be effective
investors if we can't ACT effectively.

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

 ___>     __     __<_     09/06
 __>_     _|__     __|_     __|_     __|_     ___|     09/07
 _>__     _>__     __|_     __|_     __|_     ___|     09/08
 __>_     _>__     __|_     __|_     __|_     ___|     09/09
 _|__     _>__     __|_     __|_     __|_     ___|     09/12

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:  09/06/05 S&P:    1233
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

... A hangover is the wrath of grapes.
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