Subj : Market Action To : All From : Paul Rogers Date : Wed Aug 27 2003 07:33 pm


Different day, same story.

Volume continues below average, or more properly, the average is trying
to catch-up with current volume.  In June and July volume typically
varied between 1300Ms to 1500Ms.  When August began volume dropped
abruptly, and seems to be running between 1000Ms to 1200Ms.

That reflects enthhusiasm, and now, the well known "Summer Doldrums".
And it's perfectly normal.  We just need to keep ourselves from being
lured into it, and to keep looking forward to the time when the market
starts moving again.

They aren't going to blow a whistle, you need to be able to judge for
yourself when it's time for you to move and be prepared to actually do
it.

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

 __>_      >___      __|_      __<_      __>_      __>_     08/21
 _<__      >___      __|_      _|__      __|_      __>_     08/22
 __<_      |___      __|_      |___      __<_      __>_     08/25
 __<_      |___      __|_      _<__      __<_      __>_     08/26
 __<_      |___      __|_      _<__      __<_      __>_     08/27

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:  08/12/03 S&P:    990
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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