Dave's Email Update

Email Update Number 2

UPDATE 10/16/2008 form Dave Reif - This was e-mailed out earlier today to all Reif Plug-in owners ....

To: Reif Plug-in Customers
Sent: Wednesday, October 15, 2008 1:21 PM
Subject: Important MKT Update

Those who know my method knew to sell on the open Tuesday 10/14/08 for the following reasons. First it was a -1+2 day on the daily swing chart and secondly it was up 24% from the swing low on Friday. The odds of a retest on this pattern are extremely high. If you did not sell yesterday, then place stops at your entry point.. I do not expect new lows, but if we do get them, it should drop to about 770-780 in the next 10 days. I will not be putting up any more recommendations because I do not want to get in to the newsletter business.

Sincerely,

David Reif, CMT

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