Subj : Market Action To : All From : Paul Rogers Date : Tue Oct 21 2003 06:25 pm


The DJIA couldn't get out if its own way today, but the OTC found some
strength this afternoon.  Fortunately the combination kept the S&P 500
above the line at the close.  DJIA volume, the one I track, was up +9%
above average, +25% above yesterday.  Of course, that's not good news
for the Bull's case on a day of falling prices.  It means sellers were
willing to sell, even if they got less than yesterday's close might have
led them to expect.

That's OK, just wait.

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

 _>__      _>__      __|_      __|_      __|_      ___>     10/15
 __>_      _>__      __|_      __<_      __|_      ___>     10/16
 _<__      _>__      __|_      __<_      _<__      ___>     10/17
 __<_      _>__      __|_      _<__      _<__      ___>     10/20
 __|_      _|__      __|_      __|_      _<__      ___>     10/21

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

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