Subj : Market Action To : All From : Paul Rogers Date : Wed Jul 09 2003 08:07 pm

I can think of two good headlines for what seems to be the attitude of
the majority of investors.  "Show me the money!"  "Trust, but verify."

Once again prices were slightly down on slightly higher volume.  I'm
getting the impression the Bulls are getting a little tired.  That's
just the typical way comentators say we've recovered from being "over
sold" and now seem to be "over bought".  But that's the way the Market
tends to swing, from extreme to extreme, cliche to cliche.  It's going
to take some good news on earnings, better news than is already priced
into the Market, to push this Market higher.

I think I'd just as soon see the typical "Summer Doldrums" start, to
give everybody a chance to re-evaluate the current state of the economy,
business, earnings, and the Market's valuation in relation to all those.

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

 __|_      <___      __|_      _|__      _>__      ___<     07/02
 _>__      |___      __|_      |___      _>__      ___<     07/03
 __>_      |___      __|_      _<__      _>__      ___<     07/07
 __>_      |___      __|_      __<_      _|__      ___<     07/08
 _>__      |___      __|_      __|_      _|__      ___<     07/09

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
.... I'm sorry my karma ran over your dogma ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .