Subj : Market Action To : All From : Paul Rogers Date : Thu Jan 22 2004 06:08 pm


The DJIA was flat today, but the OTC faded, dragging down the S&P.  NYSE
volume was still above this year's average.  The Oscillator is still
flat and just positive.  If I was bullish that would worry me.  I'd
still be more disposed to sell than buy.

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

 __|_      __<_      __>_      __>_      __|_      ___>     01/15
 __>_      __<_      __>_      __>_      __|_      ___>     01/16
 _>__      __<_      __>_      __>_      __|_      ___|     01/20
 __|_      __<_      __>_      __>_      __|_      ___|     01/21
 _|__      __|_      __>_      __>_      __|_      ___|     01/22

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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