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[Porter]

Monthly Trend Value -1 (mixed) Weekly Trend Value 1 (trading range) Daily Trend Value -8 (trending down) 45-minTrend Value -12 (running downtrend) Turtle Trend (LT) -4 (running downtrend) SPU Trend ..........Q......M.....W.....D.....45' SPU....U......U......U.....D......D Value..2......1......1......-2......-3 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Down Monthly--Neutral Globex 45-min Trend Down 135-min Trend Questionable ------------- Keltner Band Trend 10-day Neutral 7-day Neutral 2-day Down ----------- Moving Average Trend Mason-Dixon (NDX 200H) Down Gator (SPX 13D+8) Down Mallory (NYA 49D) Down SB (SPX 75D) Down Chandelier Trend Zweig (MID5%) Down Stox (NAZ9%) Down Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Down NY 10D NH% Down ND 10D DEAD Down NY Vol McSum Down ND Vol McSum Down Seven Sentinals ...TrinQ Sell ...TrinY Sell ...NAMO Sell ...NYMO Sell ...NAHL Sell ...NYHL Sell ...BPCompQ Buy Oversold Running 45-min downtrend in all 4 indices Commentary The spoos retraced essentially 100% of the July rally. Momentum indicators are down. Both the Daily and 45-min trend are down. Porter