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To: Les H who wrote (7400)	5/11/2003 1:02:50 PM
From: Return to Sender	Respond to of 29596

McClellan Summation Index vs SOX. This is a ratio adjusted chart and a reading of +1000 or -1000 points indicates an imminent direction change in the markets. It is basically an indicator of market breadth and displays the amount of bullish or bearishness in the market. Shown here in 6 month and 3 year charts. Extreme readings usually precede market turns: investorshub.com The charts would basically look the same when showing the relationship between this indicator and the DJIA, NASDAQ or NDX. According to the extreme levels of bullishness now shown by this indicator and many others the market is due to correct again lower soon. Of course the market will do what it does regardless of my own predictions. RtS