Subj : Market Action To : All From : Paul Rogers Date : Tue May 27 2003 07:02 pm


The Market was up nicely today.  The headlines were attributing it to
two good reports, on consumer confidence and housing.  I don't buy it.
The consumer confidence number was actually less than expected.  I think
the newsbots were looking for an excuse.  And while prices look good,
8/10ths of what would I'd consider "significant", volume was only +7%
above average.  That's why this wasn't an "accumulation" day.  OK, I
decided it has to be at least +10% somewhat arbitrarily.  But that's my
rule, and I'm sticking to it.  So it was a good day, but not a great
day.

The rally's still intact.  We're up 150pts over the past 10 weeks or so.
What more do you want?

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

 _<__      <___      __>_      __|_      _<__      ___>     05/20
 __<_      <___      __|_      __>_      _<__      ___>     05/21
 __<_      <___      __|_      __>_      __|_      ___|     05/22
 __>_      <___      __|_      _>__      __>_      ___|     05/23
 __>_      <___      __|_      __>_      __>_      ___|     05/27

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

.... How come pizza gets to your house faster than the police? ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .