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Index Trends 9/24/03


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#1 Porter

Porter

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Posted 25 September 2003 - 04:52 AM

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 8 (trending up) Daily Trend Value 0 (mixed) 45-min Trend Value -12 (running downtrend) ST Moving Av Trend Val -16 (running downtrend) Turtle Trend (LT) 4 (running uptrend) SPU Trend ..........Q......M.....W.....D.....45' SPU....U..... U.... U.....U......D Value...3.......3.....2......0......-3 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Down Globex 45-min Trend Down 135-min Trend Down ------------------ Momentum Trends TMom Neutral HMom Up ----------------- Bollinger Band Trend 10-day Neutral 7-day Neutral 3-day Down 1-day Down 1/2--day Down ----------- Moving Average Trend Mason-Dixon (NDX 200H) Neutral Gator (SPX 13D+8) Neutral Mallory (NYA 49D) Up Zweig (MID5%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Down NY 10D NH% Up NY Vol McSum Down ND Vol McSum Down Oversold Trin 2.39 Running 45-min downtrend on all 4 indices Comments The 45-min trend has turned down, so much so it represents an oversold condition. A bounce off the oversold condition is likely. The Questionable Daily trend and the Neutral Gator and Mason-Dixon also indicate a muddled trend picture. From a trend point of view it is best to wait for trends to resolve. Porter