Subj : Market Action To : All From : Paul Rogers Date : Mon Mar 24 2003 06:58 pm


"Mama said there'd be days like this..."

"Expect red numbers to come."  That's what I left you with Friday.  Down
over 30pts, that's significant.  The ratio of Advancing:Declining stocks
was 2:7, so there were probably more places to hide in Baghdad than Wall
Street.  But what's missing?  Today wasn't a Distribution day!  Volume
went from +34% above average to -6% below average.  Prices fell because
buying dried-up, sellers had to discount their stock to find willing
buyers, not because there was a stampede for the door.

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

 __>_      _>__      __|_      __>_      __>_      __|_     03/18
 __>_      _>__      __|_      __>_      __>_      __|_     03/19
 __>_      _>__      __|_      __>_      __>_      __|_     03/20
 __>_      __>_      __|_      ___>      ___>      __>_     03/21
 <___      __>_      __|_      _>__      __|_      __>_     03/24

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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