Subj : Market Action To : All From : Paul Rogers Date : Fri Mar 21 2003 06:18 pm


Yet another Accumulation day!  Buyers ran prices up 30pts, significant
in itself, on nearly 35% greater than average volume.  My Timing Signal
is as positive as it has been since the beginning of last year, for what
that's worth.  We've got about 35pts to go to challenge the long term
Declining Tops line that has defined the Market for a long time.

I saw this week called the best in 20 years!  I already used the word
euphoria this week, I think.  Well, the higher it goes the more certain
an ultimate correction becomes, regardless of how much the Market had
been depressed.  We are going to need to pause and re-evaluate.

So enjoy seeing green numbers for a while.  Do what you need to do.
Expect red numbers to come.

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

 ___>      _>__      __|_      ___>      __>_      __|_     03/17
 __>_      _>__      __|_      __>_      __>_      __|_     03/18
 __>_      _>__      __|_      __>_      __>_      __|_     03/19
 __>_      _>__      __|_      __>_      __>_      __|_     03/20
 __>_      __>_      __|_      ___>      ___>      __>_     03/21

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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