Subj : Market Action To : All From : Paul Rogers Date : Thu Sep 04 2003 05:53 pm


Again prices were up modestly, but volume was up +15% above average.
That means there were more buyers than we've been accustomed to seeing
during the Summer Doldrums, but they were getting their stocks without
paying up for them.  That's not the way to drive prices higher.  The
Bulls need to convince investors to HOLD stock, that they'll be able to
sell later at higher prices.  Somebody is willing to sell.  I suspect
the mutual fund managers are dribbling out their sales at a rate the
market can absorb without driving prices down.

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

 __>_      |___      __|_      _<__      __|_      __>_     08/28
 __>_      >___      __|_      <___      __>_      ___>     08/29
 __>_      _>__      __|_      __<_      ___>      ___>     09/02
 __>_      _>__      __|_      ___|      ___>      ___>     09/03
 __>_      _>__      __>_      __|_      ___>      ___>     09/04

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

.... Why is it "a pair of pants" when it's all one piece? ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .