Subj : Market Action To : All From : Paul Rogers Date : Mon Mar 17 2003 09:10 pm

Prices were up 30pts, well over the 25pts "significance level".  Volume
was up +25% above average.  That's easily enough to qualify as an
"Accumulation" day by my standards.  It was also enough to prompt my
timing signal to flash a BUY signal, for the first time in two months.

It's clear that geopolitical circumstances have overtaken the Market.
But the University of Michigan's preliminary March index of sentiment
has fallen because of "rising energy prices, job worries, stock market
weakness, and growing war jitters."  OK, this takes care of the last of
those.  I think I'd be using this rally as an opportunity to finally
dump the stocks you shouldn't even have, maybe do some trading if that's
your style.  But I'd also be expecting this to be overdone, and all the
chickens to come home to roost.  Just where we'll be when that happens I
have no idea right now.  I believe my numbers will tell me when it has
happened.

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

 _<__      >___      _|__      __<_      _<__      __|_     03/11
 __<_      >___      _|__      __<_      _<__      __|_     03/12
 ___|      >___      _|__      ___|      _|__      __|_     03/13
 __>_      >___      _|__      ___>      __>_      __|_     03/14
 ___>      _>__      __|_      ___>      __>_      __|_     03/17

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:  03/17/03 S&P:    863
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
.... We have standards and expect you not to exceed them. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .