Subj : Market Action To : All From : Paul Rogers Date : Tue Oct 14 2003 07:36 pm

This morning the market sold off with some enthusiasm at the open, and
stayed modestly lower most of the day.  About 1:30 it suddenly jumped up
on a spike in volume, and continued into the close with moderate
enthusiasm as compared with the morning session.  In the end, volume was
higher than yesterday's holiday, but still -8% below average.  This is
just reaction to the news.

As the market has moved above last month's 1040 peak, it has done so on
lower than average volume, and a stalled Oscillator.  That's not
positive.  I've been hoping for a nice Santa Claus rally beginning next
month, but I hope this isn't it--this isn't starting off with a solid
footing.

I can't predict next year, but I wouldn't be at all surprized to see the
market volatile and reacting to all the campaigning.  Frankly, I think
this administration better hope they find Saddam, because on jobs and
the economy I don't think most Americans are very happy and we know what
that means.  Who was it who said, "are you better off now than you were
four years ago?"  A lot of Americans would answer, "definitely not."  So
next year I'd be conservative in my investing.

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

 _>__      _>__      __|_      _|__      __|_      ___|     10/08
 __|_      _>__      __|_      __>_      __|_      ___>     10/09
 _|__      _>__      __|_      _>__      __<_      ___>     10/10
 __|_      _>__      __|_      >___      __|_      ___>     10/13
 __>_      _>__      __|_      _|__      __|_      ___>     10/14

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:  10/01/03 S&P:    1018
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
.... Shhhh, the Christians think they're alone up here. God ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .