Subj : Market Action To : All From : Paul Rogers Date : Fri Feb 06 2004 06:43 pm


Today was much like yesterday in a way.  At 10AM the market leaped 10pts
on higher volume, held it and drifted slightly higher the rest of the
session.  The Advances to Declines ratio was nearly 4:1, so everybody
came to the party.  But at the close volume was -9% below this year's
average.  That's a "negative divergence."  As you can see, the volume
trend has turned.

I think the trigger was a jobs data release that showed fewer jobs
created than expected.  Bad news?  Well, perhaps for Candidate Bush, but
the Street took it as good news!  They think it will help keep the Fed
sitting on its hands for a while longer.

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

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

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:  11/24/03 S&P:    1052
Winner or Loser:  tbd                   By:     tbd

See my market tracking charts for '01-'02 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 .... I have to stop now. My fingers are getting hoarse! ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .