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
Sep 18 C Strong Flat Down Down 10.38%
Sep 15 B Weak or Absent Up Up Up 7.77%
Sep 14 B Weak or Absent Up Up Up 7.77%
Sep 13 C Weak or Absent Up Down Down 9.81%
Sep 12 B Weak or Absent Up Down Down 9.51%
Sep 11 B Weak or Absent Flat Down Down 10.38%
Sep 6 B Weak or Absent Up Down Down 9.80%
Sep 5 B Weak or Absent Up Up Flat 7.77%
Sep 1 C Weak or Absent Up Down Down 9.32%
Aug 31 C Weak or Absent Up Flat Down 8.63%
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