Subj : Market Action To : All From : Paul Rogers Date : Tue Jun 03 2003 06:45 pm

Today's action was certainly nothing to get excited about.  Prices up
only a few points, volume down -3% below average.  Headlines linked the
fact that it recovered from a morning slide to Greenspan saying the
economy is recovering, albeit modestly.

Well, we have the end of Q2 facing us.  Let's see what we get in the way
of a "confession season" from companies who aren't going to meet
expectations.  Then there are the actual announcements.  But summer is
generally a tough season for the Market.

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

 __>_      |___      __|_      __>_      __>_      ___|     05/28
 _>__      |___      __|_      __>_      __|_      ___|     05/29
 __>_      >___      __|_      __>_      __|_      ___|     05/30
 __>_      _>__      __|_      __>_      __|_      ___>     06/02
 __>_      _>__      __|_      _>__      __|_      ___>     06/03

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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