Subj : Market Action To : All From : Paul Rogers Date : Wed May 12 2004 07:01 pm


Today was an UGLY day on the Street.  Most of the day it continued to
fall significantly, then in the last two hours the S&P500 made it all
back and a bit more on noticably better volume, +11% at the end.

Was it the start of a turn-around?  Or just the market being its normal
erratic, irrational self in the short-termm?  Does it matter that the
rally came at the end of the day, when the professional money managers
are generally executing their orders for the day?  I don't know what
this means about the market trend.  We'll just have to wait and see.

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

 _>__      _<__      _|__      __>_      >___      __<_     05/06
 <___      _|__      _|__      __>_      <___      _<__     05/07
 _<__      _>__      _|__      ___>      <___      _<__     05/10
 __<_      __>_      _|__      __>_      <___      _<__     05/11
 __<_      __>_      _|__      __>_      |___      _<__     05/12

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:  04/28/04 S&P:    1122
Winner or Loser:  Loser                 By:     -18

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 .... If ignorance isn't bliss, I don't know what is. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .