Subj : Market Action To : All From : Paul Rogers Date : Fri May 23 2003 05:25 pm


There was some interest in a morning dip which recovered, but after that
the Market was flat.  I guess the guys on the Street decided to get it
over with and get out of there!  Volume was an anemic -14% below
average, perhaps to be expected before the holiday.  On the other hand,
it means holders weren't afraid to BE holders over the long weekend.
That wouldn't have been true not so long ago.  That's just about all one
CAN say about a day like this.  Ignore it, and enjoy the weekend.

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

 <___      <___      __>_      _|__      _<__      ___>     05/19
 _<__      <___      __>_      __|_      _<__      ___>     05/20
 __<_      <___      __|_      __>_      _<__      ___>     05/21
 __<_      <___      __|_      __>_      __|_      ___|     05/22
 __>_      <___      __|_      _>__      __>_      ___|     05/23

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

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