PUBLISHED BY LOWRY'S REPORTS, INC. 1201 U.S. HIGHWAY ONE, SUITE 250 NORTH PALM BEACH, FL 33408 (561) 799-1889
NEW YORK STOCK EXCHANGE MARKET TREND ANALYSIS
PUBLISHERS OF STOCK EXCHANGE PRICE CHANGE - VOLUME TABULATIONS SINCE 1938
SUMMARY OF DAILY CHART POSTING INFORMATION FOR MARCH 20, 2003 DATE
Mar 17 Mar 18 Mar 19 Mar 20 Up Up Up Up
BUYING POWER
7 to 446 4 to 450 3 to 453 3 to 456
SELLING PRESSURE
Down Down Down Down 6 to 770 5 to 765 4 to 761 1 to 760
SHORT TERM BUYING POWER
Up Up Up Up 5 to 2 to 1 to 2 to 57 59 60 62
DOW JONES INDUSTRIALS HIGH LOW CLOSE
8163.56 7763.56 8141.92 8253.48 8057.54 8194.23 8304.04 8116.01 8265.45 Not available at press time
BASIC TREND PROGRAM INTERPRETATIONS SHORT TERM ADJUSTMENTS No change. A conventional short term buysignal was registered on March 17, 2003. INTERMEDIATE TREND No change. An Intermediate Trend buysignal was registered on March 17, 2003.
Based on past experience, during the first stage of a new, important rally, our short term indicators often rise quickly to extremely overbought levels, and yet prices keep stubbornly rising. And, corrections, when they eventually occur, are often shallow and short-lived. That seems to be the pattern that is developing here. In the past, it has usually paid to hold onto all but the weakest stocks, despite the overbought readings, until definitive signs of increasing Selling Pressure begin to emerge.
Statistics based on closing prices against previous closing prices of all active issues listed on the New York Stock Exchange DAILY TOTALS ISSUES ISSUES ADV. DEC. UPSIDE VOLUME DOWNSIDE VOLUME POINTS GAINED POINTS LOST +ADV% +VOL% +PTS% NET ADVANCES NET VOL. (MIL.) NET POINTS DJIA
NEW YORK STOCK EXCHANGE ANALYSIS OF TRADING
Mar 17 Mar 18 Mar 19
2414 1761 1746
893 1490 1472
1,907,507,790 1,300,775,640 1,116,783,260
150,195,400 557,672,100 600,033,720
1304 518 474
123 301 256
73.0 54.2 54.3
92.7 70.0 65.0
91.4 63.2 64.9
+1521 + 271 + 274
+1757.3 +743.10 +516.75
+1181 + 217 + 218
8141.92 8194.23 8265.45
SIX DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1688 1576 1,007,060,592 827,499,333 Mar 18 1846 1415 1,210,804,275 684,192,657 Mar 19 1913 1347 1,318,041,385 587,293,427
593 665 710
452 330 272
51.7 56.6 58.7
54.9 63.9 69.2
56.7 66.8 72.3
+ 112 + 431 + 566
+179.56 +526.61 +730.75
+ 141 + 335 + 438
7744.62 7848.96 7972.52
TWELVE DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1628 1613 851,547,069 821,051,924 460 Mar 18 1616 1630 877,177,464 819,531,508 468 Mar 19 1628 1618 927,433,977 795,217,035 480 THIRTY DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1607 1653 756,034,834 849,224,383 413 Mar 18 1608 1652 773,042,702 845,049,863 416 Mar 19 1621 1639 796,784,408 822,432,640 423 SIXTY DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1620 1637 770,649,142 847,687,392 421 Mar 18 1630 1626 786,343,525 834,408,935 426 Mar 19 1635 1621 796,840,749 824,803,625 429 NINETY DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1638 1605 803,263,988 842,216,273 453 Mar 18 1639 1605 807,524,267 841,131,368 454 Mar 19 1635 1610 803,163,755 842,242,989 450
436 439 429
50.2 49.8 50.2
50.9 51.7 53.8
51.3 51.6 52.8
+ +
15 14 10
+ 30.50 + 57.65 +132.22
+ + +
24 29 51
7757.59 7782.86 7818.49
448 446 433
49.3 49.3 49.7
47.1 47.8 49.2
48.0 48.3 49.4
-
46 44 18
- 93.19 - 72.01 - 25.65
-
35 30 10
7853.58 7856.40 7864.80
456 449 444
49.7 50.1 50.2
47.6 48.5 49.1
48.0 48.7 49.1
+ +
17 4 14
- 77.04 - 48.07 - 27.96
-
35 23 15
8154.16 8149.94 8148.29
461 460 460
50.5 50.5 50.4
48.8 49.0 48.8
49.6 49.7 49.5
+ + +
33 34 25
- 38.95 - 33.61 - 39.08
-
8 6 10
8311.77 8306.39 8300.77
ONE HUNDRED TWENTY DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1637 1602 847,317,522 867,021,388 512 503 50.5 Mar 18 1644 1595 855,150,251 857,928,218 514 498 50.8 Mar 19 1639 1600 851,563,595 859,366,239 509 498 50.6 TWO HUNDRED DAY MOVING AVERAGES WITH THE DATES SHOWN: Mar 17 1589 1637 815,040,401 925,800,397 526 579 Mar 18 1588 1638 817,184,797 925,721,309 525 579 Mar 19 1593 1634 821,848,853 921,927,956 527 574
49.4 49.9 49.8
50.4 50.8 50.5
+ + +
35 49 39
- 19.70 - 2.78 - 7.80
+ + +
9 16 11
8242.25 8246.51 8250.04
49.3 49.2 49.4
46.8 46.9 47.1
47.6 47.6 47.9
-
48 50 41
-110.76 -108.54 -100.08
-
53 54 47
8469.64 8460.99 8453.77
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LOWRY'S SHORT TERM INDICATORS (DAILY) 4:00 P.M. CLOSE
1200
S & P 500 INDEX 21-Day Moving Average and 3% Envelopes
1075
960
860
770
% OF LOWRY'S STOCKS ABOVE 10 DMA: (Approx. 90.84)
75 50 25
75 50 25
14-DAY STOCHASTIC (Fast: 87.94) (Slow: 73.05)
100
88
75 66 60
SHORT TERM INDEX: (62)
50 44
M APR02 MAY02 JUN02 JUL02 AUG02 SEP02 OCT02 NOV02 DEC02 JAN03 FEB03 MAR
MAR 20
Investor Notice: Past performance is not necessarily a guide to future performance. No charts, graphs, formulae, theories or methods can guarantee profitable results. This report is prepared from sources believed to be reliable, but its accuracy is not guaranteed. Clients are advised to promptly communicate for verification of any item that seems questionable or incorrect before acting thereon. The company, its directors, officers and employees may have positions in the securities listed herein. Your subscription will not be assigned without your consent. Copyright 2003, Lowry's Reports, Inc. All rights reserved.