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To: Michael Collings who wrote (25064)	5/19/2005 11:39:32 PM
From: Roebear	Respond to of 108726

Michael, I've been mostly out since the May 12th: Message 21318061 Also, I sold my positions out on April 12, shortly after HUI broke below 200: Message 21220865 and VERY soon after that post was completely cash. Now I have played some short term moves up since then, successfully, but the bounces all failed and I moved back to cash with modest profits, before the HUI failure continued its descent. I don't know where the bottom is, it may be next week or next fall. I suspect and have suspected that this is and will be a substantial HUI retracement. Best Regards, Roebear