Subj : Market Action To : All From : Paul Rogers Date : Thu Mar 20 2003 06:09 pm


Last winter I had pencilled in a Support Line at 875.  When prices fell
below it in late January, then technically it became a Resistance Line.
We've been below it until today.  Now, with what's going on I wouldn't
expect traditional Technical Analysis to carry the sway that it might in
normal times.

My advice is with all the "distractions" these days, don't ignore the
Market.  Don't find yourself surprized a few weeks from now by what has
happened on Wall Street!

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

 __>_      >___      _|__      ___>      __>_      __|_     03/14
 ___>      _>__      __|_      ___>      __>_      __|_     03/17
 __>_      _>__      __|_      __>_      __>_      __|_     03/18
 __>_      _>__      __|_      __>_      __>_      __|_     03/19
 __>_      _>__      __|_      __>_      __>_      __|_     03/20

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

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