Dave's Email Update

Email Update Number 1

UPDATE 10/10/2008 form Dave Reif - This was e-mailed out earlier today to all Reif Plug-in owners ....

To: Reif Plug-in Customers
Sent: Friday, October 10, 2008 1:11 PM
Subject: Important Update

I am sending this to you today because I believe we are right in the middle of a selling climax. We are exactly 360 degrees in time from the 2007 high and 5X360 down in price from that high is 882.09.. At mid day, we have already traded over 4 Billion share on the NYSE. Hence if the S&P Cash Index closes above 882.09 and the SPY closes above it's open of 86.76, then the odds of a completed selling climax will be very high. My favorite stock here is GE which is 360 degrees in time and 360 degrees down in price from it's high. Remember the market is not a Swiss Watch.

Good luck.

Dave Reif, CMT

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