Subj : Market Action To : All From : Paul Rogers Date : Wed Jun 09 2004 07:17 pm 

If yesterday the market showed steady progress from a lower start, today
it fell steadily again from a lower start.  Investors sold more stock
today than they bought yesterday.  The Oscillator seems to be falling as
precititously as it rose last month.

If I'd expected anything better than this, I'd be grumpy about the
market.  As it is, with a strong overhead resistance line, and no
apparent support below us, it's enough that it has been able to maintain
this horizontal trading range.  Still, in all, this is a good time to
have a conservative investing strategy, as I've suggested all year.
Even if the Bear Market is over, technically it still overhangs us and
will until we surpass the prior highs at 1527 in a confident way.  If
you'd feel bad if we got out of this year just where we started, just
remember last year.

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

 _|__      _|__      __|_      _<__      ___<      __>_     06/03
 __|_      _|__      __|_      <___      ___<      __>_     06/04
 ___>      __>_      __|_      _<__      ___|      __>_     06/07
 __>_      __>_      __|_      <___      ___|      __>_     06/08
 _>__      __>_      __|_      _<__      __|_      __>_     06/09

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 .... The world is coming to an end. Please log off. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .