Subj : Market Action To : All From : Paul Rogers Date : Tue Apr 08 2003 06:28 pm

The newsbots explain today's "losses" in a variety of ways, but that's
because they have to APPEAR like they know what's going on, and they
have deadlines to meet!  In the last 5 sessions closing prices haven't
changed more than a handful of points--that sounds FLAT to me!  Call it
like you see it!  Volume was -13% down today, indicating no significant
excess of buyers OR sellers.

In the "fast-twitch", short attention-span world of the Street, I
wouldn't be at all surprized to see Prices drift lower.  Iraq is
expected to be a "done deal" now.  I can think of just one news item on
Iraq that would likely move the Market.  So where are they going to get
their jollies now?

Frankly, I think the Street may be "hoist by it's own petard".  They've
been rewarding CEO's for a long time for shipping work overseas.  How's
that going to mean improving jobs and employment, and a growing economy
in this country now?  Maybe I ought to pay a little more attention to
the Shanghai Exchange.

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

 __|_      __|_      __|_      __>_      __|_      __>_     04/02
 _>__      __|_      __|_      __>_      __|_      __>_     04/03
 __>_      __|_      __>_      _>__      __>_      __>_     04/04
 __>_      __<_      __>_      __>_      __|_      __>_     04/07
 _|__      _<__      __>_      _|__      __|_      __>_     04/08

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:  04/01/03 S&P:    858
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
.... What a piece of work is man! ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .