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[Porter]

Monthly Trend Value 12 (running uptrend) Weekly Trend Value 12 (running uptrend) Daily Trend Value 9 (trending up) 45-min Trend Value -4 (mixed) Turtle Trend (LT) 4 (running uptrend) SPH Trend ..........Q......M.....W.....D.....45' SPH....U......U......U.....U......D Value..3......3......3...... 2.....-3 ------------ SHORT TERM TRENDS Opening Range Trend Daily--Neutral Weekly--Up Globex 45-min Trend Questionable with a down bias 135-min Trend Questionable ------------- Bollinger Band Trend 10-day Up 7-day Up ----------- Moving Average Trend Mason-Dixon (NDX 200H) Up Gator (SPX 13D+8) Up Mallory (NYA 49D) Up SB (SPX 75D) Up Chandelier Trend Zweig (MID5%) Up Stox (NAZ9%) Up Junk (ML1%) Up --------------- Intermediate Momentum Indicators NY ITBM Down NY 10D NH% Up ND 10D DEAD Up ND BP RSI Up NY Vol McSum Up ND Vol McSum Down Oversold The CBOE Put/Call ratio minus QQQs hit a 20 day high. 4D Trin 1.21 Comments The Merrill Lynch High Yield Corporate Bond index made a record high. The short term overbought conditions were relieved today. The Compx filled the 1/16 gap. The Globex low at 1140/ESH is being tested. A spring of that low would be positive. Watch the 90-min Opening Range Monday. A break above that range and above 1143/SPH would indicate the spring has sprung. A break below that range will likely result in the 135-min Globex trend turning down. The spoos 45-min trend did turn down today. Porter