Subj : Market Action To : All From : Paul Rogers Date : Mon Sep 08 2003 06:28 pm
Well, it looks like we're moving again. And once again it looks like
we've got a flagpole formation. I don't want to jinx it, and I don't
really believe in setting "targets", but a market technician would
expect this formation to resolve with a repetition of the flagpole move.
That looks like 1200 by year end! Yeah, I'm not sure I believe it
either. I just want to be able to say "I told you so" if it happens.
Volume was down today, just +4% above average. Still, it's above
average.
Price Vola- Momen- Volume Oscil- Summ.
Change tility tum lator Index
-__+ -__+ -__+ -__+ -__+ -__+
__>_ _>__ __|_ __<_ ___> ___> 09/02
__>_ _>__ __|_ ___| ___> ___> 09/03
__>_ _>__ __>_ __|_ ___> ___> 09/04
_>__ _>__ __>_ __>_ __|_ ___> 09/05
__|_ _|__ __>_ __|_ ___| ___> 09/08
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: 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 call them buildings when they are already built???
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* Origin: The Bare Bones BBS (1:105/360)
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