Subj : Market Action To : All From : Paul Rogers Date : Fri Mar 28 2003 06:12 pm


I took a peek at the intra-day trading chart.  About 2:30 EST some bad
news must have hit the Street, because there was a short sharp drop in
prices on increased volume.  That shouldn't be a surprize, this wouldn't
be the first time I've said this Market is driven by the daily news,
rather than a true investment outlook.  But every time we see such cues
we should take notice!  We need to be careful that we make the right
interpretation, but this is important information.  Clearly an active
investor needs to know what's driving the Market daily, but even those
of us with longer term outlooks have decisions to make.  It's a good
thing to be on the right side of the Market Action.

Today's action was about like yesterday's, a little lower but no
particular emphasis to it (volume -11% below average)--at least as _I_
interpret it.  ;-)

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

 __<_      __>_      __|_      _>__      __|_      __>_     03/25
 _<__      __>_      __|_      _>__      __|_      __>_     03/26
 _<__      __>_      __|_      _|__      __<_      __>_     03/27
 _<__      __>_      __|_      _|__      __<_      __>_     03/27
 _<__      __>_      __|_      _|__      __|_      __>_     03/28

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

.... If you wake up Sleepy & Grumpy, you must be Snow White. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .