Subj : Market Action To : All From : Paul Rogers Date : Mon Mar 29 2004 05:12 pm


I guess Friday's mostly positive action wasn't entirely a head-fake.
The market was up nicely higher early today and for the most part held
on.  Prices increased significantly, enough to nearly pop a Buy signal
on my timing indicator.  But it wasn't good enough to call an
"Accumulation" day in my book.  Volume was modestly higher than Friday,
but still -6% below average.

I've seen low volume rallies before.  They're not the best things to try
to make money with.  They tend to be very short lived, a week or so, and
end with sudden, sharp drops.  The best thing they're good for is
selling what you made a mistake buying.  It's NOT an excuse to keep
holding, because the pain has lessened.  If there's a quality possessed
by successful investors, lacking in unsuccessful ones, it's the ability
to admit making a mistake and taking decisive, effective action to
correct it.  Would more of our politicians were more like successful
investors.  The Street doesn't want to know you're right!

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

 _<__      __>_      _|__      _|__      _<__      ___<     03/23
 _<__      ___>      _<__      __|_      <___      __<_     03/24
 ___|      ___>      _<__      __|_      _|__      __<_     03/25
 _>__      ___>      _<__      _|__      _>__      __<_     03/26
 __>_      __|_      _<__      _|__      __>_      __<_     03/29

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 .... Every absurdity has a champion to defend it. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .