Subj : Market Action To : All From : Paul Rogers Date : Fri Jul 11 2003 07:17 pm


Once again volume was uncommonly light, -16% below average.  I'd expect
low volume during the "summer doldrums", but a slower "sag" getting
there.

Yes, I'm expecting a typical summer for the Market.  So far the low
volume indicates stock holders are continuing to be holders.  They're
not afraid this was just another Bull Trap in a Bear Market.  The Bear
was holding prices down, like holding a beachball under water.  But I
think we've popped back to the surface now.  But I expect most investors
are like me, and they want to see confirmation in the economy.  I
wouldn't be trading stocks expecting a quick rise like we had last
quarter.

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

 __>_      |___      __|_      _<__      _>__      ___<     07/07
 __>_      |___      __|_      __<_      _|__      ___<     07/08
 _>__      |___      __|_      __|_      _|__      ___<     07/09
 _|__      |___      __|_      |___      _|__      ___<     07/10
 __<_      |___      __|_      _<__      _<__      ___<     07/11

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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