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| subject: | Market Action |
OK, we can write this one off. They say prices were off because of the "mad cow" scare. Well, prion disease is no laughing matter, but when volume is as low as -60% below average just a slight imbalance of buy and sell orders can move the market. In that light, the market was hardly changed at all. Friday is only a half-day too. Don't ignore the market, the prices really count even if they are on negligible volume. Just don't expect much "meaning" from the trading. Oh, yeah, Merry Christmas to all! Remember, it's ONLY the stock market! Price Vola- Momen- Volume Oscil- Summ. Change tility tum lator Index -__+ -__+ -__+ -__+ -__+ -__+ _>__ _|__ __|_ ___> __>_ ___| 12/19 __>_ _ _|__ __>_ ___| 12/22 __>_ _|__ __>_ _|__ __|_ ___> 12/23 __>_ _|__ __>_ _|__ __|_ ___> 12/23 _|__ _|__ __>_ 12/24 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: 11/24/03 S&P: 1052 Winner or Loser: tbd By: tbd See my market tracking charts for '01-'02 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 ... A conclusion is a place where you got tired of thinking ___ MultiMail/MS-DOS v0.35 ---* Origin: The Bare Bones BBS (1:105/360) SEEN-BY: 633/267 270 @PATH: 105/360 106/2000 633/267 |
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