Subj : Market Action To : All From : Paul Rogers Date : Thu Aug 28 2003 06:41 pm


Not much to report.  Sure, the market took a hit around 10AM, slowly
fought its way back around mid-day, stayed flat most of the afternoon,
then rise a bit before the close.  Volume was a little higher than
yesterday, but still below average.  Wait till you see tomorrow's
volume!  I'll bet you could set up a bowling alley on the trading floor.

Well, Labor Day may be the unofficial end of summer, but I'm not looking
for that to mark a return to the spring's rally.  There's still the
issue of the mutual funds' FY end, and any tax loss selling they need to
do.

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

 _<__      >___      __|_      _|__      __|_      __>_     08/22
 __<_      |___      __|_      |___      __<_      __>_     08/25
 __<_      |___      __|_      _<__      __<_      __>_     08/26
 __<_      |___      __|_      _<__      __<_      __>_     08/27
 __>_      |___      __|_      _<__      __|_      __>_     08/28

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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