Subj : Market Action To : All From : Paul Rogers Date : Wed Apr 21 2004 06:36 pm


"Wha'd he say?"  With the cat let out of the bag yesterday one might
expect today's action to be anti-climactic.  But during Greenspan's
testimony this morning the market was all over the map.  Things calmed
down a bit during the afternoon, and the NASDAQ components pulled the
S&P500 up modestly.  The internal market details were a bit divergent.
The Advance-Decline line was slightly negative.  Volume was +19% above
average, mostly positive.  Up-volume alone wasn't all that much less
than total volume on Monday.  Overall, I'd say the day didn't do much
for the Bulls.

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

 __<_      __|_      _|__      __|_      <___      __<_     04/15
 __<_      __|_      __|_      __>_      _<__      __<_     04/16
 __>_      __|_      __|_      _>__      _>__      __<_     04/19
 |___      __<_      _|__      __|_      >___      __<_     04/20
 __<_      _<__      _|__      __>_      |___      __<_     04/21

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:  04/20/04 S&P:    1118
Winner or Loser:  Loser                 By:     -16

See my market tracking charts for '02-'03 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 .... Wench: What you use to turn the head of a dolt. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .