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March 3, 2008 Weekly Report Supplement

March 3, 2008 - Notice the NYSE is forming a bullishly sloping lower trading range limit on a near-term basis. See green line on the below chart. It will be interesting to see how its interaction reacts tomorrow.

March 3, 2008 - The NASDAQ is forming a similarly configured lower trading range limit line, which is noted on the green line below. Notice that is bearishly sloped, but interestingly also nestled right on the line. It will be interesting to see how these indices behave tomorrow. If bearish, then the bear gains momentum. If bullish, the bear will be dealt a tremendous blow by the bull.

March 3, 2008-ETF#28 continues price erosion, but with strong underlying bullish current. The bearishly sloping red and yellow curves remain as a source of avoidance.

Contrarian ETF #31-QID-Bear Market continues with a solidly bullish configuration, which does not bode well for those desiring overall stock market bullishness.

While ETF#01-QQQQ-NAS100 Stocks- continues with its bearishly pathetic configuration.

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