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To: Henry J Costanzo who wrote (133155)	5/29/2006 2:55:00 PM
From: bcrafty	Respond to of 209892

mc, This proposal allows for more down for the next few months Yes, that's the count I was proposing - thanks for chart. The "more down" I was proposing is assuming that last week we finished an "a" of ii down, are now in a "b" of that ii, and will see "more down" when we get to the "c" this summer. This abc is similar to the putative one on SPX that Shack mentioned to Paul last week when he said "I would likely favour the A down scenario over the completed C wave scenario if the Rydex Nova/Ursa ratio wasn't at 0.11"