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Yesterday I suggested we could expect a "snap-back" correction from this
week's sell-off.  Today prices rose a bit, though nothing remarkable.
Was this it?  Well, that's almost a "Did ya mean it" question isn't it?
Today volume decreased, from +25% above average yesterday when prices
fell about the same amount, to +13% above average.  Investors weren't
nearly as enthusiastic about the buying today as they were selling
yesterday.  But it caused my timing signal to dither, popping a Buy
signal.  I'd tend to ignore this, especially under these circumstances.
Just look at the Oscillator--it's very negative.

In case you missed my announcement, my "Tracking the Market" page has
been updated.  Pick one of the URL's below.

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

 _|__     _|__     __|_     _     ___|     12/31
 _<__     _|__     __|_     __<_     _<__     ___|     01/03
 <___     _|__     __|_     ___<     <___     ___|     01/04
 _<__     _|__     _|__     ___|     <___     ___|     01/05
 ___     <___     ___<     01/06

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:  01/06/05 S&P:    1188
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

... ntEorpy sI wayAls crInseasing
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