Subj : Market Action To : All From : Paul Rogers Date : Wed Mar 12 2003 06:22 pm


The Market continued falling for the first half of the session, then
turned and closed a little higher.  Volume was +17% above average, but
the trend has been pretty solidly downward for the last couple months.
Technically it appears the main question is whether we're going to take
out the October lows.  That would be a bad thing.

So 776 is the number to watch for.  It's just over 50% of the 1527 high,
where all this started.  Don't pay so much attention to that 50% number.
The number to pay attention to is the 100% it has to go up from that low
to get back to where we were!

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

 _<__      <___      _|__      _<__      _<__      __>_     03/06
 __|_      <___      _|__      __<_      __<_      __>_     03/07
 _<__      >___      _|__      _<__      _<__      __>_     03/10
 _<__      >___      _|__      __<_      _<__      __|_     03/11
 __<_      >___      _|__      __<_      _<__      __|_     03/12

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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