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[Porter]

Monthly Trend Value -2 (questionable) Weekly Trend Value -1 (questionable) Daily Trend Value -10 (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......0......0......-2......-3 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Down Weekly--Down Monthly--Neutral (breakout of 1061 to 1108.3 determines direction) Globex 45-min Trend Down 135-min Trend Down ------------- Keltner Band Trend 10-day Down 7-day Down 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 Sell Oversold Running 45-min downtrend in all 4 indices for second day in a row Commentary The spoos broke below the May low, testing the Monthly trend. The NYA is still above its May low. The Compx is likely to turn its Monthly trend Down. The MID Monthly trend is already Down. The NDX reached its Gartley point (C = A at 1332). The OEX is still above its Gartley point at 517. Porter