Subj : Market Action To : All From : Paul Rogers Date : Fri Dec 13 2002 05:46 pm


The NYSE was all over the lot in the morning, gapped down on the open,
climbed in mid-morning, but the afternoon was a pretty conspicuous sell-
off.  I saw a suggestion that with the geopolitical situation being what
it is, the Traders didn't want to be holding over the weekend.  That
much is probably true.  But as you can see below, Volume, that indicator
of fear and enthusiasm, was below average.  There is a tendency to
dismiss action on low Volume days, and that's reasonable.  But don't let
Prices sneak away from you on low Volume days--it's still real money!

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

 _<__      _|__      _|__      _<__      _<__      ___>     12/09
 __<_      _|__      __|_      _<__      __|_      ___>     12/10
 __<_      _<__      __|_      _<__      __|_      ___|     12/11
 _<__      <___      _|__      _<__      __|_      ___|     12/12
 _<__      <___      _|__      _<__      __|_      ___|     12/13

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: SELL       Date:  12/12/02 S&P:    902
Winner or Loser:  Loser                 By:     -3

See my market tracking charts for '00-'01 and my investment strategy
study at my websites:
http://www.xprt.net/~pgrogers/Pers.html
http://www.angelfire.com/or/paulrogers/Pers.html
http://www.geocities.com/paulgrogers/Pers.html

.... A waist is a terrible thing to mind. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .