WEBSITE UPDATE

• PatternPower is updated daily around 7:00PM ET.
• PatternPower analysis uses two timeframes, end-of-day and intra-day.
• During non-trading hours, the whole site uses end-of-day data.
• During normal trading hours, the data within the LIBRARY, SCREENING and STOCK IDEAS sections reflect the close of the prior trading day, while the ENGINE, ANALYSIS, and PORTFOLIO sections use intra-day data.
• PatternPower calculations use 15-minute-delayed quotes. When a quote is bad or unavailable the calculations automatically revert to the end of previous day. In order to prevent confusion you may check the time status at the bottom of the left column.

MERRILL'S PATTERN

• Stocks are categorized into 16 W patterns--W1, W2, ..., W16--and 16 M patterns--M1, M2, ..., M16.
• In a W pattern the stock's last leg is upward, whereas in an M pattern the last leg is downward.
• The patterns are ordered from the weakest (1) to the strongest (16).

TRADITONAL TECHNICAL PATTERNS

• M and W patterns may also be categorized in traditional technical analysis terms as follows:
• Ascending: M15, M16, W14 and W16
  
  
  
• Descending: M1, M3, W1 and W2
  
  
  
• Head and Shoulders: W6, W7, W9, W11, W13 and W15
  
  
  
• Inverted Head and Shoulders: M2, M4, M6, M8 and M10
  
  
  
• Triangles: M13 and W4
  
  
  
• Broadening: M5 and W12
  

Pattern Type = RW Completion Value = -1% Signal Value = $86.53 Target Value = $108.90 Last Close = $85.75 Projected Range Diff. = $22.37

Pattern Type = RW Completion Value = 24% Signal Value = $223.09 Target Value = $280.54 Last Close = $237.00 Projected Range Diff. = $57.45

Pattern Type = RW Completion Value = 103% Signal Value = $27.96 Target Value = $34.87 Last Close = $35.75 Projected Range Diff. = $6.91 * Note: little box next to RW is half blue and half green - signifies that stock has completed at least 100% of the projected range within a single day.

Pattern Type = W Completion Value = -1% Signal Value = $102.50 Target Value = $118.21 Last Close = $101.94 Projected Range Diff. = $15.71

Pattern Type = W Completion Value = 15% Signal Value = $42.97 Target Value = $56.68 Last Close = $45.06 Projected Range Diff. = $13.71

Pattern Type = W Completion Value = 152% Signal Value = $4.44 Target Value = $5.66 Last Close = $8.63 Projected Range Diff. = $1.22 * Note: little box next to W is completely blue - signifies that stock has completed at least 100% of the projected range.

Pattern Type = RM Completion Value = -1% Signal Value = $102.32 Target Value = $86.41 Last Close = $102.88 Projected Range Diff. = $15.91

Pattern Type = RM Completion Value = 4% Signal Value = $198.82 Target Value = $161.69 Last Close = $197.38 Projected Range Diff. = $37.13

Pattern Type = RM Completion Value = 103% Signal Value = $16.94 Target Value = $14.75 Last Close = $14.38 Projected Range Diff. = $2.19 * Note: little box next to RM is half blue and half red - signifies that stock has completed at least 100% of the projected range within a single day.

Pattern Type = M Completion Value = -2% Signal Value = $63.39 Target Value = $54.22 Last Close = $64.50 Projected Range Diff. = $9.17

Pattern Type = M Completion Value = 43% Signal Value = $105.98 Target Value = $89.92 Last Close = $99.06 Projected Range Diff. = $16.06

Pattern Type = M Completion Value = 105% Signal Value = $84.71 Target Value = $78.62 Last Close = $74.75 Projected Range Diff. = $6.09 * Note: little box next to M is completely blue - signifies that stock has completed at least 100% of the projected range.

REVERSALS

• The qualifier R, for reversal, may precede all M and W patterns.
• RW designates a stock reversed from an M pattern within the last trading day.
• RM designates a stock reversed from a W pattern within the last trading day.
• The R designation is dropped the second day after the reversal.