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Prices moved nicely higher all day, while oil fell to the $46/bbl range
and closed at $47.50.  However, there weren't so many interested buyers,
volume fell to -8% below average.

This isn't the sort of "follow-through" we wanted to see from the Bulls.
I'm beginning to wonder about the courage of their convictions.

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

 __>_     __>_     __|_     __>_     __>_     ___>     11/05
 _>__     ___>     __|_     _>__     __|_     ___>     11/08
 _>__     ___>     __|_     _>__     __     11/09
 _     __>_     _>__     __     11/10
 __|_     ___>     __>_     _|__     __|_     ___>     11/11

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:  10/27/04 S&P:    1125
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

... After all is said and done, more is said than done
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