Subj : Market Action To : All From : Paul Rogers Date : Tue Dec 16 2003 06:05 pm

The market slowly gained a little ground today, and even if volume
wasn't impressive, it was up +15% above average.  This week we have
options and futures expiring.  Last month nothing much happened, but
it's not unusual to have some volatility and higher volume as investors
unwind or roll positions.  Prices continue to bounce along just under
this "rising tops" resistance line.

I'm imagining what I'd be thinking if I was one of the Street money
managers.  Most funds are up nicely this year, 25%-35% gains aren't that
unusual.  I wouldn't be trying anything fancy.  I'd be trying to just
hold my own through year end so I could "book it".  Next year is a whole
new story.

So I'm not looking for striking action through year end, though with
holiday shortened weeks coming up I'd be wary of low-volume volatility.

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

 _<__      |___      __|_      __<_      _<__      ___>     12/10
 __|_      _|__      __|_      __<_      __|_      ___>     12/11
 __>_      _>__      __|_      _<__      __|_      ___|     12/12
 _>__      _>__      __|_      __<_      _|__      ___|     12/15
 __|_      _>__      __|_      __|_      __|_      ___|     12/16

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
.... May you live all the days of your life. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .