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Index Trends 8/2/04


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#1 Porter

Porter

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Posted 03 August 2004 - 06:07 AM

Monthly Trend Value 0 (mixed) Weekly Trend Value 1 (trading range) Daily Trend Value -8 (trending down) 45-minTrend Value 10 (trending up) Turtle Trend (LT) -4 (running downtrend) SPU Trend ..........Q......M.....W.....D.....45' SPU....U......U......U.....D......D Value..2......1......1......-2......3 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Up Weekly--Neutral Monthly--Neutral Globex 45-min Trend Up 135-min Trend Up ------------- Keltner Band Trend 10-day Neutral 7-day Neutral 2-day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Down Gator (SPX 13D+8) Down Mallory (NYA 49D) Down SB (SPX 75D) Down Chandelier Trend Zweig (MID5%) Down Stox (NAZ9%) Down Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Up NY 10D NH% Down ND 10D DEAD Up NY Vol McSum Up ND Vol McSum Up Seven Sentinals ...TrinQ Buy ...TrinY Buy ...NAMO Buy ...NYMO Buy ...NAHL Buy ...NYHL Buy ...BPCompQ Buy Commentary The 45-min trend is up on all 4 indices. The Daily trend is down on all 4 indices. All 7 Sentinals are on a Buy signal. Four of the Intermediate Term momentum indicators have turned up. The SPX and NYA have broken above the hourly trading range, but the Compx and MID have not. Porter