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"Don't cry for me, Hewlett Packard."  I never did like Carly Fiorina's
big move to buy Compaq.  I think she just took the gamble because it
would make her a star if she pulled it off.  It was a bigger mouthful
than she could swallow.  She had "cojones" (pronounced ko-ho-nes, for
you gringos), I'll give her that.  I don't care if she is a "high
maintenance" woman, with her $21M golden parachute at a safe 5% in
laddered tax-free muni's, that's a mil a year--I could live on that.

It did HPQ price much better than the market's.  Some bad, or should I
say "realistic", economic data caused the market to fall off a cliff in
mid-morning, for about 8pts, in heavy volume.  It tried to hold that,
gained a bit back, but in mid-afternoon did it again for a couple more.
Closing volume increased to +1% above average, so it wasn't a panic.

As you can see below on Momentum, it's still on the positive side, but
it's trend is more or less flat.  So be truly conservative implementing
your strategy here, that is, cautious about changes and avoidance of
risk.

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

 _>__     __     ___|     02/03
 __>_     _>__     __|_     __>_     ___>     ___>     02/04
 _>__     _>__     __|_     _>__     __|_     ___>     02/07
 __>_     _>__     __|_     _>__     __|_     ___>     02/08
 _|__     _>__     __|_     __>_     __|_     ___>     02/09

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:  02/01/05 S&P:    1189
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.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

... A hangover is the wrath of grapes.
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