Subj : Market Action To : All From : Paul Rogers Date : Tue Jan 28 2003 05:42 pm


There were a lot of cross-currents in the Market today.  Clearly the
President's speech was the dominant expectation of the day.  But there
were earnings announcements and guidance.  Iraq isn't out of the
picture.  By the end of the week, if not tomorrow, the war worries will
be back.  Volume was just a shade less than yesterday's Distribution
Day, still more than 10% above average.  But the Price change wasn't
quite enough to call it an Accumulation Day, so overall I think it was
not encouraging.  Besides, the Market has been very "oversold".  This
seems more like a normal snapback.

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

 _<__      _|__      _|__      ___|      _<__      ___|     01/22
 __<_      _|__      _|__      ___>      _<__      ___|     01/23
 <___      _>__      _|__      ___>      <___      __<_     01/24
 _<__      __>_      _|__      __>_      <___      __<_     01/27
 __<_      __>_      _|__      __>_      <___      __<_     01/28

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:  01/17/03 S&P:    902
Winner or Loser:  Loser                 By:     -7

See my market tracking charts for '01-'02 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

.... I'm not illiterate! My parents were married... ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .