Friday, October 21, 2005, 5:30 pm (Mountain)

Based on the C_SMAY.TXT system we are going to go 100% long the SPX at the close on 10/26/05. The last two trading days of October and the first three of November is among the most bullish seasonal periods that exist. From 01/02/42 to 12/31/04, owning the SPX during these five days have resulted in 75% winners with the SPX appreciating at a 98% annual rate while invested. We will hold this position until the third trading day of January 2006 which is the end of the Pre-Thanksgiving buy signal period (SEAS2).

© 2005 ULTRA Financial Systems, Inc.