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Well, it's all downhill from here!  The market?  No, daylight!  Would
that the market were so predictable.  There was some volatility during
the day but the trading range was relatively constrained.  Prices closed
down a couple points, volume increased a bit to -4% below average.  Were
it not that prices are flirting with falling below my hypothetical
resistance line at 1214, and we're still waiting for the average volume
to recover from the spring selling, I wouldn't get excited over the
action.  We're still waiting for a good follow-through day after
Friday's modest little rally in the face of heavy volume.

Average volume is back to 1800Ms, but it was below 1600Ms throughout
2004 and until March.  It will be more reliable after it levels-out for
a few weeks.

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

 __|_          06/15
 __>_     _     ___>     06/16
 __>_     _     ___>     06/17
 _>__     >___     __|_     _     06/20
 _|__     >___     __|_     _|__     __     06/21

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:  05/17/05 S&P:    1173
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

... Safe sex means never having to say "You've got WHAT?!?"
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