Subj : Market Action To : All From : Paul Rogers Date : Mon Dec 08 2003 06:10 pm


Today's market was uninspired until late afternoon, then it went on a
tear.  The evening news is making much of the DJIA being only 35pts
below 10K.  Remember what happened last week when the NASDAQ/OTC peeked
above 2,000?  Did you hear anything about volume being down from
yesterday, and down -10% below average?  For the past week the
Oscillator has been falling, meaning the Advance-Decline line has been
falling.  With the broad NYSE market of stocks closing at lower prices
there's no confirmation for a rally through 10k.  Unless I saw
remarkable enthusiasm for a decisive move above 10K, I'd be much more
likely to sell my losers into the strength.

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

 _>__      >___      __|_      __<_      __>_      ___|     12/02
 _|__      >___      __|_      __<_      __|_      ___>     12/03
 __|_      >___      __|_      __|_      __|_      ___>     12/04
 _<__      >___      __|_      _<__      _<__      ___>     12/05
 __|_      >___      __|_      _<__      __|_      ___>     12/08

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:  11/24/03 S&P:    1052
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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