Subj : Market Action To : All From : Paul Rogers Date : Wed Apr 23 2003 10:26 pm

Greenspan accepts!  You haven't seen me as grumpy as I'd be with the
economy in this sort of shape with some other political appointment at
the Fed!  As far as I'm concerned Greenspan's got more credibility than
anybody else I can think of inside the Beltway.

OK, we've peeked above my "Bear Market Line".  I hope it isn't "peaked"!
I'm not willing to crawl into his den to make sure he's there just yet!
Volume remained high, so the rally lives on.  Remember, these things
tend to go to extremes and corrections ultimately come.  In the long run
it's the economy, it's earnings (ANNUAL earnings not just a quarter),
it's CEO's willing to expand their businesses with capital expenditures,
add good paying jobs in America, and providing some earning security for
American workers that will drive the Market higher.  I don't see that
yet.  So if I'm a bull-rider, I'm a nervous one.

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

 _>__      |___      __|_      __|_      __>_      ___>     04/16
 __>_      >___      __|_      _>__      ___>      ___>     04/17
 _|__      |___      __|_      _|__      __|_      ___>     04/21
 __>_      >___      __|_      __|_      ___|      ___>     04/22
 __>_      _>__      __|_      __|_      ___>      ___>     04/23

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
.... Archeologist: one whose career lies in ruins. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .