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[Porter]

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 8 (trending up) Daily Trend Value -10 (trending down) 45-min Trend Value -8 (trending down) Turtle Trend (LT) 4 (running uptrend) SPZ Trend ..........Q......M.....W.....D.....45' SPZ....U......U......U.....U......D Value..3......3......2......-1.....-2 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Down Globex 45-min Trend Down 135-min Trend Down ------------------ Bollinger Band Trend 10-day Down 7-day Down ----------- Moving Average Trend Mason-Dixon (NDX 200H) neutral Gator (SPX 13D+8) Up Mallory (NYA 49D) Up Chandelier Trend Zweig (MID5%) Up Stox (NazComp3%) Down Stox (NazComp9%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Down NY 10D NH% Up ND 10D DEAD Down ND BP RSI Down NY Vol McSum Down ND Vol McSum Down Comments The short term oversold condition was relieved today. The Daily trend turned down in all indices except the spoos. The Nasdaq 3% Chandelier trend turned down. That is a short term trend indicator. The McClellan Oscillator at -100 is bearish but not oversold. The upthrust of the early morning high failed, a bearish sign. Porter