Subj : Market Action To : All From : Paul Rogers Date : Thu Sep 11 2003 06:40 pm


It's nice that we can remember 9/11 with a positive day in the market.

Volume was lower than yesterday when the market took a hit.  But the
story on volume is, except for August's "Summer Doldrums", volume has
basically run in the 1300-1500Ms range all year.  We're back in that
range now, but it's taking a while for the average to recover from
August's inactivity.  So I wouldn't worry too much about today's volume.

The good news is we're above anything I recognize as a resistance level.
Some technicians would say the direction of least resistance is upward.

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

 _>__      _>__      __>_      __>_      __|_      ___>     09/05
 __|_      _|__      __>_      __|_      ___|      ___>     09/08
 _|__      _|__      __>_      __|_      __<_      ___>     09/09
 _<__      _|__      __>_      __|_      __<_      ___>     09/10
 __<_      _|__      __|_      __|_      __<_      ___>     09/11

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

.... Constants aren't; variables don't. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .