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Index Trends 10/1/03

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#1 Porter



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Posted 01 October 2003 - 11:56 PM

Monthly Trend Value 8 (trending up) Weekly Trend Value -4 (weakly down) Daily Trend Value -5 (weakly down) 45-min Trend Value 7 (trending up) ST Moving Av Trend Val 14 (running uptrend) Turtle Trend (LT) 2 (mixed) SPU Trend ..........Q......M.....W.....D.....45' SPU....U..... U.... D.....D......U Value...3.......2.....-2......-2.....2 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Up Weekly--Up Globex 45-min Trend Up 135-min Trend Up ------------------ Momentum Trends TMom Down HMom Neutral ----------------- Bollinger Band Trend 10-day Down 7-day Down 3-day Up 1-day Up 1/2--day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Down Gator (SPX 13D+8) Down Mallory (NYA 49D) Neutral Zweig (MID5%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Up NY 10D NH% Up NY Vol McSum Down ND Vol McSum Down Comments The gap and go day is a bullish pattern. It sets up the expectation of 1028/SPX being tested. Porter

#2 nebt



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Posted 02 October 2003 - 11:49 AM

Hi Porter, Been trying to line my ducks in a row to get myself to short this market, but the ducks would not line up,yet:bond market,indicators... Imo, this market will do a lot of chopping around with upward bias for several more days to come.For now, will not take any shorting positions until things clear up more and presently I have an upward bias on the market...Simply trying not to ride the wrong horse. :) nebt
Will let the market reveal itself, so that I may join its journey.