Subj : Market Action To : All From : Paul Rogers Date : Fri Jun 04 2004 05:48 pm


The market gapped higher from the get-go, and then was more or less flat
all day.  There was a quick jump during the lunch hour on a spike in
volume, and a quick crash back to it's opening level near the close.
Translation?  Twitchey!  Some investors want some good news to drive the
market higher, and others are frightened of any bad news.  But neither
side is definitely convinced of their positions--volume was down -23%
below average.

So, with that kind of attitude on the Street, I wouldn't be trying to
"get in the middle"!  No telling what might happen.  I'm glad to be
"standing aside".

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

 _>__      _<__      __|_      <___      ___>      __>_     05/28
 __|_      _>__      __|_      _<__      ___|      __>_     06/01
 __|_      _>__      __|_      _<__      ___|      __>_     06/02
 _|__      _|__      __|_      _<__      ___<      __>_     06/03
 __|_      _|__      __|_      <___      ___<      __>_     06/04

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:  05/25/04 S&P:    1113
Winner or Loser:  tbd                   By:     tbd

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, paulgrogers@yahoo.com -o) http://www.angelfire.com/or/paulrogers /\\ Rogers' Second Law: Everything you do communicates. _\_V .... Hey you! Yes, you!! That's my tagline your using!!! ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .