Subj : Market Action To : All From : Paul Rogers Date : Wed Dec 24 2003 11:07 pm


OK, we can write this one off.  They say prices were off because of the
"mad cow" scare.  Well, prion disease is no laughing matter, but when
volume is as low as -60% below average just a slight imbalance of buy
and sell orders can move the market.  In that light, the market was
hardly changed at all.  Friday is only a half-day too.  Don't ignore the
market, the prices really count even if they are on negligible volume.
Just don't expect much "meaning" from the trading.

Oh, yeah, Merry Christmas to all!  Remember, it's ONLY the stock market!

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

 _>__      _|__      __|_      ___>      __>_      ___|     12/19
 __>_      <___      __>_      _|__      __>_      ___|     12/22
 __>_      _|__      __>_      _|__      __|_      ___>     12/23
 __>_      _|__      __>_      _|__      __|_      ___>     12/23
 _|__      _|__      __>_      <___      __|_      ___>     12/24

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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