Subj : Market Action To : All From : Paul Rogers Date : Fri Aug 08 2003 07:28 pm


Just yesterday I noted this year volume has been notably consistent,
between 1200Ms to 1600Ms.  Of course the Market had to prove me wrong
with a 1082Ms day, 21% below average.  With such little enthusiasm in
the Market a slight imbalance of buy or sell orders can influence the
Market more strongly than normal.  But I think the "Summer Doldrums" is
the most likely outcome, slowly sliding on a lack of buyers.  That's a
perfectly normal summer--ain't it grand?  I'd love to see a normal year
in the Market!

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

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

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

.... If life were logical, MEN would ride side-saddle. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .