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Not a good day in the market.  Today Greenspan testified to the House,
but he didn't change his mind overnight.  Prices were indecisive for
about a half hour, then the bottom fell out, staying flat through
mid-day, then giving away more when the Street houses squared their
books at the close.  Volume climbed a bit, up to +2% above average.

What I see is the Oscillator dropping into negative territory and the
trend resuming its negative bias.  That could presage more to come.  I
wouldn't be giving any slipping stock any benefit of doubt--I'd take the
money and run.

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

 __|_     _>__     __|_     __>_     __     02/11
 __>_     __>_     __|_     _>__     __|_     ___>     02/14
 __>_     __>_     __|_     _>__     __|_     ___>     02/15
 __>_     __>_     __|_     _>__     __|_     ___>     02/16
 _|__     __>_     __|_     __|_     _     02/17

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

... Remember-- EVIAN is NAIVE spelled backwards!
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