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Index Trends 11/20/03


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#1 Porter

Porter

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Posted 20 November 2003 - 11:31 PM

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 8 (trending up) Daily Trend Value -5 (weakly trending down) 45-min Trend Value 2 (mixed) Turtle Trend (LT) 4 (running uptrend) SPZ Trend ..........Q......M.....W.....D.....45' SPZ....U......U......U.....D......D Value..3......3......2......-2.....-1 ------------ 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) Down Gator (SPX 13D+8) Down Mallory (NYA 49D) Up SB (SPX 75D) Up Chandelier Trend Zweig (MID5%) Up 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 Oversold VIX closed above its 20D Bollinger Band Comments The Merrill Lynch High Yield Corporate Bond index made a record high today. The Daily trend has turned down for the SPX and Compx. The Daily trend is still Up for the NYA and MID but is questionable at this time. More likely the higher order Weekly and Monthly trends will cause trend continuation to the upside. Porter