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Index Trends 12/2/03


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#1 Porter

Porter

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Posted 03 December 2003 - 12:32 AM

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 10 (trending up) Daily Trend Value 12 (running uptrend) 45-min Trend Value 9 (trending up) Turtle Trend (LT) 4 (running uptrend) SPZ Trend ..........Q......M.....W.....D.....45' SPZ....U......U......U.....U......U Value..3......3......2......3.....2 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Up Weekly--Up Globex 45-min Trend Questionable 135-min Trend Questionable ------------- Bollinger Band Trend 10-day Neutral 7-day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Up Gator (SPX 13D+8) Up Mallory (NYA 49D) Up SB (SPX 75D) Up Chandelier Trend Zweig (MID5%) Up Stox (NazComp9%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Up NY 10D NH% Up ND 10D DEAD Up ND BP RSI Up NY Vol McSum Up ND Vol McSum Up Comments ML high yield bond index made another record high. Both the MID and RUT made record highs. The NYA and SPX made new rally highs. The consolidating action late yesterday and today have worked off some of the overbought conditions. The short term Globex trends are trying to turn down. A spring of those lows tomorrow and a breakout of the 90-min opening range would indicate that the longer term uptrends are still in control. Porter