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Index Trends 1/6/04


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#1 Porter

Porter

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Posted 06 January 2004 - 10:47 PM

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 12 (running uptrend) Daily Trend Value 10 (trending up) 45-min Trend Value 11 (running uptrend) Turtle Trend (LT) 4 (running uptrend) SPH Trend ..........Q......M.....W.....D.....45' SPH....U......U......U.....U......U Value..3......3......3...... 2.....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 Up 7-day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Up 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 Up NY Vol McSum Up ND Vol McSum Up Overbought STIX 59.5 YStix Vol 61.7 QStix Vol 60.4 Comments The NYA, SPX, and Compx made new rally highs. The MID made a record high. The Merrill Lynch High Yield Corporate Bond index made a record high with a big gain. The NYSE Stix Volume indicator is very overbought. The only higher readings were 6/13/97 and 6/5/03. Such huge overbought conditions represent strong momentum. Porter