Subj : Market Action To : All From : Paul Rogers Date : Fri May 14 2004 06:34 pm


Again the market wandered aimlessly.  Nobody seemed to care, volume was
-12% below average.  So investors were neither anxious sellers nor
buyers.  This indicates there wasn't a lot of fear, but neither much
conviction.

Next week options expire, so I'd be expecting volatility and higher
volume.

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

 _<__      _>__      _|__      ___>      <___      _<__     05/10
 __<_      __>_      _|__      __>_      <___      _<__     05/11
 __<_      __>_      _|__      __>_      |___      _<__     05/12
 _|__      __>_      _|__      _>__      _>__      _<__     05/13
 _>__      __>_      _|__      _>__      _>__      _<__     05/14

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 .... Lottery: a state tax on stupidity. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .