Subj : Market Action To : All From : Paul Rogers Date : Thu Mar 27 2003 07:02 pm


Minutes after the Market opened it plunged, then after about a half hour
it began working its way back until the last hour or so, ending about
flat.  But the notable thing about today's results is Volume was down
-12%.  Still there isn't a lot of selling going on, but neither was
there much buying.  So rather than the mid-day price recovery being a
story of the Bulls fighting for their cause after an initial fright,
it's more that was a slight imbalance to the buyers, but they were
cautious about their buying.  I'd say that's OK.

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

 __>_      __>_      __|_      ___>      ___>      __>_     03/21
 <___      __>_      __|_      _>__      __|_      __>_     03/24
 __<_      __>_      __|_      _>__      __|_      __>_     03/25
 _<__      __>_      __|_      _>__      __|_      __>_     03/26
 _<__      __>_      __|_      _|__      __<_      __>_     03/27

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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