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[Porter]

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 9 (trending up) Daily Trend Value 6 (weakly trending up) 45-min Trend Value 4 (mixed) Turtle Trend (LT) 4 (running uptrend) SPH Trend ..........Q......M.....W.....D.....45' SPH....U......U......U.....U......U Value..3......3......2...... 3......3 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Up Weekly--Up Globex 45-min Trend Up 135-min Trend Up ------------- Bollinger Band Trend 10-day Neutral 7-day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Down Gator (SPX 13D+8) Up Mallory (NYA 4 Up SB (SPX 75D) Up Chandelier Trend Zweig (MID5%) Up Stox (NAZ9%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Up NY 10D NH% Up ND 10D DEAD Up ND BP RSI Down NY Vol McSum Up ND Vol McSum Up Overbought STIX 56.8 YStix Volume 56.6 DJIA is 3.5% above its 21D SMA Comments The Merrill Lynch High Yield Corporate Bond index made another record high. The NYA 5 point RPW pattern is busted. Short term trends are mixed with the SPX/NYA Up and the NAZ and MID Down. Most of the momentum indicators turned Up. The McClellan Oscillator went above 70, but in doing so caused STIX to be overbought. Nevertheless this is a postive development for the intermediate term. Porter