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 5 D Weak or Absent Down Up Up 8.47%
Dec 2 D Weak or Absent Down Up Up 8.47%
Dec 1 D Weak or Absent Down Down Up 13.60%
Nov 30 F Weak or Absent Down Down Down 15.65%
Nov 29 F Strong Down Down Down 15.65%
Nov 28 F Strong Down Down Down 17.15%
Nov 25 F Strong Down Down Down 15.70%
Nov 23 F Strong Down Down Down 14.54%
Nov 22 F Strong Down Down Down 14.54%
Nov 21 D Strong Down Down Down 15.36%
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