Subj : Market Action To : All From : Paul Rogers Date : Mon Apr 28 2003 07:44 pm


I like a good headline as much as anybody, but today's description that
stocks "blasted" higher was obviously not written by an analyst who
understands the importance of Volume.  Yes, prices were higher, but
volume fell -8% below average.  Where were the Buyers?

Even so, the day to day comparison overlooks comparisons with the
current Moving Average.  Last week's closes were 892, 911, 919, 911, and
899.  So where does 915 fall within that sequence?

Well, once again we're right at my "Bear Market" line.  I'm not saying I
want it to charge through, even a Horizontal Trading Range that, over
the next couple months, shows no influence would be a positive sign.

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

 __>_      >___      __|_      __|_      ___|      ___>     04/22
 __>_      _>__      __|_      __|_      ___>      ___>     04/23
 _>__      _>__      __|_      __|_      __|_      ___>     04/24
 _|__      _>__      __|_      _|__      __<_      ___>     04/25
 __<_      _>__      __>_      _<__      __<_      ___>     04/28

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:  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

.... Real men aren't afraid to have a woman on top ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .