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
Nov 8 B Weak or Absent Flat Up Up 12.32%
Nov 7 C Weak or Absent Down Down Up 13.46%
Nov 6 B Weak or Absent Flat Flat Up 12.32%
Nov 3 B Weak or Absent Flat Flat Up 12.54%
Nov 2 C Weak or Absent Down Down Up 14.63%
Nov 1 C Weak or Absent Down Down Flat 16.30%
Oct 31 C Weak or Absent Down Down Down 17.02%
Oct 30 C Weak or Absent Down Down Down 16.56%
Oct 27 D Weak or Absent Down Down Down 18.16%
Oct 26 D Weak or Absent Down Down Down 17.59%
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