Subj : Market Action To : All From : Paul Rogers Date : Wed Feb 05 2003 05:15 pm


OK, so now we've heard the evidence the President told us Powell would
present.  At least that which can be released, because we all know
there's a lot that won't be.  I was a bit surprized to see the DJIA in
positive territory afterward.  What does THAT mean?  He didn't call off
the war that _I_ heard.  In the end it was down 4, when 25 or so would
be significant, and Volume was only slightly more than yesterday, just
8% above average.

So the question is: was the Market any more concerned about the speech
than anything else not already known about?  Perhaps, yesterday.  In the
end, it doesn't seem so.  In the end it's about earnings.  And that's
about doing business, which is REALLY a whole lot easier in a growing
economy.

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

 _|__      __>_      _|__      __>_      |___      __<_     01/30
 __>_      __>_      _|__      __>_      _>__      __<_     01/31
 __>_      __>_      _|__      __>_      _>__      __<_     02/03
 _|__      __>_      _<__      __|_      _>__      __<_     02/04
 _|__      __>_      _<__      __|_      _>__      __<_     02/05

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 website(s):
http://www.xprt.net/~pgrogers/Pers.html
http://www.angelfire.com/or/paulrogers/Pers.html
http://www.geocities.com/paulgrogers/Pers.html

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