Subj : Market Action To : All From : Paul Rogers Date : Wed Nov 12 2003 04:55 pm


The notable thing about today's action was volume falling to -16% below
average.  Clearly, this was "holiday light".  So there is little meaning
to today's action.  If you really wanted to hunt for meaning, you might
look at the Advance:Decline ratio at 2:3 to the downside.  More stocks
were slipping in price, but there was no particular "sell-off".  We
might call it "cautious" behavior.

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

 _|__      >___      __|_      _|__      __|_      ___|     11/05
 __|_      >___      __|_      __|_      __|_      ___|     11/06
 __|_      >___      __|_      __<_      __|_      ___|     11/07
 _<__      |___      __|_      _|__      _<__      ___|     11/10
 _<__      |___      __|_      _<__      _<__      ___|     11/11

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:  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

.... Gilbert & Sullivan the first rappers? Naw... ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .