Subj : Market Action To : All From : Paul Rogers Date : Fri Mar 19 2004 05:29 pm


Well, the market was underwater all day, only modestly until afternoon
when things got progressively worse.  In the end, the price fall wasn't
quite to the level of significance, and volume was just a skosh below
average.  So there's little sign of panic to the selling, but buyers are
hard to find on the Street.  That's not particularly surprizing since
prices are below their 50-day Moving Average.

The bottom line is, I don't see any signs of a bottom or support level
to this correction yet.

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

 <___      __>_      _|__      __<_      <___      ___<     03/15
 __<_      __>_      _|__      __<_      _|__      ___<     03/16
 __>_      __>_      _|__      __<_      _>__      ___<     03/17
 _>__      __>_      _|__      _<__      _>__      ___<     03/18
 _>__      __>_      _|__      _<__      _>__      ___<     03/19

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: SELL       Date:  03/10/04 S&P:    1124
Winner or Loser:  Winner!               By:     72

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 .... That's not a bug. That's a new feature ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .