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

                                                    
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