Subj : Market Action To : All From : Paul Rogers Date : Fri May 09 2003 05:44 pm


Today's Market Action was nice on several counts.  Prices were up
nicely, the Advance:Decline ratio was nearly 3:1 positive, Up-Volume was
nearly 4:1 over Down-Volume.  Why am I not ecstatic?  Volume was down
-6% below average.  Prices were up because selling was restricted.
Buyers were forced to pay-up for stock, but they weren't taking it all
and demanding more.

If the Bulls are going to have their way, they've got to demonstrate
past technical resistance is NOT influencing the Market anymore.  That
means pushing through this 930-940 level.  This isn't the time to allow
doubt to creep back into investors' minds.

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

 _|__      _>__      __>_      __|_      __|_      ___>     05/05
 __>_      _>__      __>_      __|_      ___|      ___>     05/06
 _|__      _>__      __>_      __|_      __|_      ___>     05/07
 _<__      _|__      __>_      _|__      __<_      ___>     05/08
 __<_      _<__      __>_      _>__      __<_      ___>     05/09

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

.... Rogers' Third Law: There's no such thing as teaching, only learning. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .