Subj : Market Action To : All From : Paul Rogers Date : Thu Aug 07 2003 08:01 pm

Well, I was looking through my charts a few times looking for anything
interesting, and I don't see much.  Prices were up a bit today, but
volume was -2% below average.  Right now I'm just waiting for the summer
to end and the typical fall correction to provide some bargains.
Nothing in my charts changes my mind about that, so far.  One might say,
"Don't just do something, sit there!"  But then that's what MY strategy
suggests, you keep working YOUR strategy.

There is one thing I noticed, volume this year has been quite calm.
There have been relatively few days where volume has been below 1200Ms
or above 1600Ms.  That can't be said of last year.  I'll take that as a
good sign.  A sign that even with the Spring Rally, sanity is returning
to the Market.

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

 _<__      |___      _|__      _|__      <___      ___<     08/01
 __<_      |___      __|_      _<__      <___      __<_     08/04
 _<__      |___      _|__      _<__      <___      __<_     08/05
 __<_      >___      _|__      __<_      <___      __<_     08/06
 __<_      >___      _|__      _<__      _|__      __<_     08/07

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: SELL       Date:  08/05/03 S&P:    965
Winner or Loser:  Loser                 By:     -17

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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