Trend Table for IPB - Merrill Lynch & Co., Inc. 6.0518% Index Plus Trust Certificates Series 2003-1

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Current Trend Strength: Weak or Absent
Date Grade ADX Long Term Intermediate Term Short Term % Chg
Dec 7 A Weak or Absent Up Up Up 8.59%
Dec 6 B Weak or Absent Up Up Up 9.32%
Dec 5 B Weak or Absent Up Up Up 9.32%
Dec 4 B Weak or Absent Up Up Up 10.31%
Dec 1 B Weak or Absent Up Up Up 10.53%
Nov 30 B Weak or Absent Up Up Up 10.75%
Nov 29 B Weak or Absent Up Up Up 10.75%
Nov 28 C Weak or Absent Up Up Flat 11.64%
Nov 27 C Weak or Absent Up Up Flat 12.04%
Nov 24 B Weak or Absent Up Up Flat 11.42%
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