Monthly Trend Value 8 (trending up)
Weekly Trend Value -4 (weakly down)
Daily Trend Value -10 (trending down)
45-min Trend Value -6 (trending down)
ST Moving Av Trend Val -14 (running downtrend)
Turtle Trend (LT) 2 (mixed)
SPU Trend
..........Q......M.....W.....D.....45'
SPU....U..... U.... D.....D......D
Value...3.......2.....-2......-3.....-2
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SHORT TERM TRENDS
Opening Range Trend
Daily--Up
Weekly--Up
Globex
45-min Trend Up
135-min Trend Down
------------------
Momentum Trends
TMom Down
HMom Neutral
-----------------
Bollinger Band Trend
10-day Down
7-day Down
3-day Down
1-day Questionable
1/2--day Questionable
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Moving Average Trend
Mason-Dixon (NDX 200H) Down
Gator (SPX 13D+8) Down
Mallory (NYA 49D) Down
Zweig (MID5%) Up
Junk (ML1%) Up
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Intermediate Momentum Indicators
NY ITBM Down
NY 10D NH% Up
NY Vol McSum Down
ND Vol McSum Down
Oversold
Trin 5D 1.67
Comments
The Weekly trend has turned down for the SPX and NYA.
It is a lesser quality downtrend but nevertheless the first since the March low.
The Zweig Trend as measured by the MID has not yet turned down yet.
But the Zweig Trend as measured by the Value Line Geometric index has turned down by declining 5.3% last week.
Last week the spoos declined 3 days in a row both on a closing basis and from the open. Most other indices did also.
This price action coupled with a terminal pattern in the spoos is bearish.
Porter
Index Trends 9/30/03
Started by
Porter
, Oct 01 2003 09:34 AM
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