Subj : Market Action To : All From : Paul Rogers Date : Tue Feb 10 2004 08:12 pm


Well, Yahoo/Finance gave me good numbers yesterday.  So I'll go on
record disliking yesterdays action.  Today's action was a little
strange.  This afternoon prices jumped up for an hour, then jumped right
back down.  Volume was lower again, -9% below average.  OK, maybe I was
wrong to consider January's volume an aberration.  Since it's almost 30
trading days into the new year anyhow, I shifted back to a straight 30
day moving average.

You've had more than enough time to protect yourself from any dangerous
trades you may have made.  I don't want to be hearing any sob-stories if
we get a (long awaited) 10% correction.  I'd be looking for the first
signs of "support" down at 1100 or so, and that's down only -5%!  I'd
want to be in a fairly neutral position right now if I was playing the
market.

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

 _<__      <___      __|_      __|_      |___      ___<     02/04
 __<_      <___      __|_      _|__      |___      ___<     02/05
 __|_      |___      __|_      _<__      _|__      ___<     02/06
 _|__      |___      __|_      _<__      _>__      ___<     02/09
 __>_      |___      __|_      _>__      _>__      ___<     02/10

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

Paul Rogers, paul.rogers@angelfire.com -o) http://www.angelfire.com/or/paulrogers /\\ Rogers' Second Law: Everything you do communicates. _\_V .... If life were logical, MEN would ride side-saddle. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .