"What if they gave a party and nobody came?"  The whole range of the
day's trade took place within 5pts, closing up only 0.13pt!  Volume was
down -23% below average.  In this case I think the crowd is right--stand
aside and watch, there's no reason to be trying to make something out of
nothing.  Volume has been telling us this rally is a sham.

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

 __>_      _      __|_     08/20
 _>__      _|__      _|__      |___      __|_      __>_     08/23
 __|_      _|__      __|_      _|__      __|_      __>_     08/24
 __>_      __|_      __|_      _     08/25
 __>_      __>_      __|_           08/26

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:  08/24/04 S&P:    1096
Winner or Loser:  tbd                   By:     tbd

See my market tracking charts for '02-'03 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

... Eye of newt, toe of frog, and a side order of fries
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