Market Sentiment with a German Perspective by Sentix

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=82 BGCOLOR="#006600" TEXT="#F7F7FF" bgproperties="fixed" background="00505521dwnpjk.jpg"> <div> <FONT SIZE="5" COLOR="#FFFFFF" FACE="Arial" ><B>InvestmentTools.com <style type="text/css">  </style></B></FONT><FONT SIZE="2" COLOR="#FFFFFF" FACE="Arial" ><B> </B></FONT><B>| </B><A HREF="http://www.investmenttools.com/" TARGET="_top" TITLE="http://www.investmenttools.com/"><U>home</U></A>          <B> </B><A HREF="index.htm" TARGET="_top" TITLE="NYSE Advancing / Declining Issues (Weekl"><U><B><IMG SRC="00a0a0b0.jpg" border=0 width="10" height="11" ALIGN="BOTTOM" HSPACE="0" VSPACE="0"></B></U></A></div> <div> <A HREF="http://www.investmenttools.com/the_home_of_investmenttools__the_com_tock_letter_and_tradingtools.htm" TARGET="_top" TITLE="http://www.investmenttools.com/the_home_"><U><B>About</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/equities/" TARGET="_top" TITLE="http://www.investmenttools.com/equities/"><U><B>Equities</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/futures/" TARGET="_top" TITLE="http://www.investmenttools.com/futures/"><U><B>Commodity/Futures</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/thestate/" TARGET="_top" TITLE="http://www.investmenttools.com/thestate/"><U><B>The State</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/bonds/" TARGET="_top" TITLE="http://www.investmenttools.com/bonds/"><U><B>Notes/Bonds</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/editorials.htm" TARGET="_top" TITLE="http://www.investmenttools.com/editorial"><U><B>Editorials</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/sic_itur_ad_astra.htm" TARGET="_top" TITLE="http://www.investmenttools.com/sic_itur_"><U><B>Volition</B></U></A><B>   </B><A HREF="http://www.investmenttools.com/com_tock_letter.htm" TARGET="_top" TITLE="http://www.investmenttools.com/com_tock_"><U><B>Com$tock Letter</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/welcome_to_the_links__page.htm" TARGET="_top" TITLE="http://www.investmenttools.com/welcome_t"><U><B>Links</B></U></A><B>    </B><A HREF="http://www.investmenttools.com/thefed/" TARGET="_top" TITLE="http://www.investmenttools.com/thefed/"><U><B>The Fed & Short Sales </B></U></A><B>   </B><A HREF="http://www.investmenttools.com/finacial_planning.htm" TARGET="_top" TITLE="http://www.investmenttools.com/finacial_"><U><B>Miscellaneous</B></U></A><B>  </B></div> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FF9900" TEXT="#080000" background="006d2053.jpg"> <div> <TABLE BORDER="4" CELLPADDING="4" CELLSPACING="4" WIDTH="151" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" HSPACE="0" VSPACE="0" BGCOLOR=#FFFFFF > <tR> <tD VALIGN=TOP HEIGHT= 132 WIDTH="125"><div> <B>"To believe is very dull. To doubt is intensely engrossing. To be on the alert is to live, to be lulled into security is to die." 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SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:stocks&cgroup=equity&format=468x60&newtarget=1 "></SCRIPT>  </B></div> <bR> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="452" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 17 WIDTH="89"><div> <A HREF="#s_p_500" TITLE="Market Sentiment with a German Perspecti"><U><B>S&P 500</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="17" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#euro_stoxx_50" TITLE="Market Sentiment with a German Perspecti"><U><B>Euro STOXX 50</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="17" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#bund_futures" TITLE="Market Sentiment with a German Perspecti"><U><B>Bund-Future</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="3"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="17" ALIGN="bottom" WIDTH="3" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="115"><div> <A HREF="#usd_jpy" TITLE="Market Sentiment with a German Perspecti"><U><B>USD-JPY </B></U></A></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 17 ><NOBR><div> <A HREF="#dax_index" TITLE="Market Sentiment with a German Perspecti"><U><B>DAX-Index </B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="17" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="102"><div> <A HREF="#nasdaq" TITLE="Market Sentiment with a German Perspecti"><U><B>Nasdaq </B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="17" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#t_bond_futures" TITLE="Market Sentiment with a German Perspecti"><U><B>T-Bond-Future</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="3"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="17" ALIGN="bottom" WIDTH="3" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#notes___links_1" TITLE="Market Sentiment with a German Perspecti"><U><B>Notes & Links</B></U></A></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="89"><div> <A HREF="#tec_dax" TITLE="Market Sentiment with a German Perspecti"><U><B>Tec-DAX</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="4"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="4" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <A HREF="#nikkei_index" TITLE="Market Sentiment with a German Perspecti"><U><B>Nikkei-Index</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="98"><div> <A HREF="#eur_usd" TITLE="Market Sentiment with a German Perspecti"><U><B>EUR-USD</B></U></A></div> </tD> <tD VALIGN=TOP WIDTH="3"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="3" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#DDDDDD><NOBR><div> <A HREF="http://www.investmenttools.com/equities/" TARGET="_top" TITLE="http://www.investmenttools.com/equities/"><U><B><IMG BORDER="0" SRC="Symb075c00b700c899330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">More Equities</B></U></A></div> </NOBR></tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="554" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 25 ><NOBR><div> <B>S&P 500 (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>S&P 500 (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="s_p_500"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=sp500&frist1=k&kursanz=J&NumKurse=50 &gtitel=SP 500 Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=sp500&frist1=m&kursanz=J&NumKurse=50 &gtitel=SP 500 Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 26 ><NOBR><div> <B>DAX-Index (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>DAX-Index (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="dax_index"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=dax&frist1=k&kursanz=J&NumKurse=50 &gtitel=DAX Index Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=dax&frist1=m&kursanz=J&NumKurse=50 &gtitel=DAX Index Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 24 ><NOBR><div> <B>Tec-DAX (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>Tec-DAX (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="tec_dax"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=nemax&frist1=k&kursanz=J&NumKurse=50 &gtitel=Tec Dax Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=nemax&frist1=m&kursanz=J&NumKurse=50 &gtitel=Tec Dax Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 21 ><NOBR><div> <B>Euro STOXX 50 (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>Euro STOXX 50(medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="euro_stoxx_50"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=esx50&frist1=k&kursanz=J&NumKurse=50 &gtitel=Euro STOXX 50 Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=esx50&frist1=m&kursanz=J&NumKurse=50 &gtitel=Euro STOXX 50 Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 28 WIDTH="274"><div> <B>Nasdaq (short term)</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B>Nasdaq (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="nasdaq"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=nasdaq&frist1=k&kursanz=J&NumKurse=50 &gtitel=Nasdaq Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=nasdaq&frist1=m&kursanz=J&NumKurse=50 &gtitel=Nasdaq Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 40 ><NOBR><div> <B>Nikkei-Index (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="259"><div> <B>Nikkei-Index (medium term)</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="nikkei_index"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=nikkei&frist1=k&kursanz=J&NumKurse=50 &gtitel=Nikkei Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=nikkei&frist1=m&kursanz=J&NumKurse=50 &gtitel=Nikkei Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 23 ><NOBR><div> <B>Bund-Future (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>Bund-Future (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="bund_futures"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=bund&frist1=k&kursanz=J&NumKurse=50 &gtitel=Bund Future Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=bund&frist1=m&kursanz=J&NumKurse=50 &gtitel=Bund Future Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 40 ><NOBR><div> <B>T-Bond-Future (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="259"><div> <B>T-Bond-Future(medium term)</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="t_bond_futures"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=tbond&frist1=k&kursanz=J&NumKurse=50 &gtitel=T Bond Future Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=tbond&frist1=m&kursanz=J&NumKurse=50 &gtitel=T Bond Future Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 21 ><NOBR><div> <B>EUR-USD (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>EUR-USD (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="eur_usd"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=usd&frist1=k&kursanz=J&NumKurse=50 &gtitel=EUR - USD Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=usd&frist1=m&kursanz=J&NumKurse=50 &gtitel=EUR - USD Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 21 ><NOBR><div> <B>USD-JPY (short term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B>USD-JPY (medium term)</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="usd_jpy"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 181 WIDTH="274"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=usdjpy&frist1=k&kursanz=J&NumKurse=50 &gtitel=USD - JPY Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="259"><div> <B> <img src="http://www.sentix.de/freegenerator.php?asset=usdjpy&frist1=m&kursanz=J&NumKurse=50 &gtitel=USD - JPY Sentiment">  </B></div> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="181" ALIGN="bottom" WIDTH="5" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="588" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 21 WIDTH="565"><div> <B>Notes & Links</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="notes___links_1"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="1" ALIGN="bottom" WIDTH="1" HSPACE="0" VSPACE="0" ></A></B></div> </NOBR></tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 256 WIDTH="565"><div> <B><IMG BORDER="0" SRC="Symb075c00b700f000000000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The above charts are all courtesy of</B></div> <div> <A HREF="http://english.sentix.de" TARGET="_blank" TITLE="http://english.sentix.de"><U><B>SENTIX Behavioral Indices</B></U></A></div> <bR> <div> <A HREF="http://www.sentix.de/index.php?sprache=EN&pagename=english.htm" TARGET="_blank" TITLE="http://www.sentix.de/index.php?sprache=E"><U><B><IMG BORDER="0" SRC="Symb075c00b700f0ff330000.png" HEIGHT="16" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">How are the sentix values calculated?</B></U></A></div> <bR> <div> <B><IMG BORDER="0" SRC="Symb075c00b700c800000000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">The sentix indices of investor sentiment are calculated with the following formula:</B></div> <div> <B>sentix = (no. of bulls - no. of bears) / (no. of all votes) </B></div> <bR> <bR> <bR> <bR> <bR> <bR> </tD> <tD VALIGN=TOP WIDTH="12"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="256" ALIGN="bottom" WIDTH="12" HSPACE="0" VSPACE="0"></tD> </tR> </TABLE></B></div> <div> <B>  <script type="text/javascript" language="javascript" src="http://fry.webtistic.com/philip.php?id=71"></script> <noscript> <a href="http://www.webtistic.com/"> <img SRC="http://fry.webtistic.com/hit.php?a=71" border="0" alt="Webtistic - Traffic Analysis"> </a></noscript>   </B></div> </td> </tr></table></body>