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<DIV><FONT size=2>Just wondering how others are interpreting the current NYA
pattern and McClellan Oscillator configuration. It looks to me like there
is a bearish triangle with a decending top and essentially flat bottom. As
the vertex of the price triangle is approached the McClellan Oscillator is
showing extreme weakness in a down channel. Some may be misinterpreting
the oscillator at this time as saying it is oversold when in fact it can become
twice as oversold if the NYA drops through support in the closing weeks of the
quarter. It also seems like there should be massive tax loss selling this
year since the advance decline line has been dropping for a significantly long
time. </FONT></DIV>
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<DIV><FONT size=2>Bob Roeske</FONT></DIV></BODY></HTML>
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