Subj : Market Action To : All From : Paul Rogers Date : Tue Jul 13 2004 06:01 pm


Not much to report today.  The total range of today prices, high to low,
was only about 3pts.  Volume rose a bit, but still finished -7% below
average.

The price moving averages are congested again.  With so little attention
to and enthusiasm in the market, prices might be able to penetrate the
200-day and bump along just under it without precipitating a panic.  The
question is what the Street's technical analysts are paying attention
to most, whether it's the moving averages, the trading range, both or
neither.

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

 __<_      |___      _|__      __|_      __|_      ___>     07/07
 _<__      >___      _|__      __|_      _|__      ___>     07/08
 __<_      _>__      _|__      _|__      __<_      ___>     07/09
 __|_      _>__      _|__      _<__      __|_      ___>     07/12
 __|_      _>__      _|__      _<__      __|_      ___>     07/13

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:  07/02/04 S&P:    1125
Winner or Loser:  Winner                By:     +12

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 .... Oh, give me a phone, with a modem on loan.. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .