Member Short Sales

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        a dreamer,               a business man, and a son of                a bitch.</B></div> <div> <B>Peter Mc Arthur</B></div> </tD> </tR> </TABLE></div> <bR> <bR> <bR> <div>  <SCRIPT language="JavaScript" SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:financial_news&cgroup=fed&format=sky&newtarget=1&width=120&numresults=1&first=1 "></SCRIPT>  </div> </td> <td valign="top" height=398 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <B>Member Short Sales</B></div> <bR> <div> <B> <SCRIPT language="JavaScript" SRC="http://context3.kanoodle.com/cgi-bin/context.cgi?id=80085957&db=context&query=finance:financial_news&cgroup=fed&format=468x60&newtarget=1 "></SCRIPT>  </B></div> <bR> <div> <B> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="445" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="ROWS" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 33 ><NOBR><div> <A HREF="#membe_short" TITLE="Member Short Sales"><U><B>Member Short Sales</B></U></A></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="33" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="222"><div> <A HREF="#ratio" TITLE="Member Short Sales"><U><B>4 Week Average of Member Short Sales / Total Short Sales (Ratio)</B></U></A></div> </tD> </tR> <tR> <tD VALIGN=TOP HEIGHT= 16 WIDTH="159"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="159" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="48"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="16" ALIGN="bottom" WIDTH="48" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP BGCOLOR=#DDDDDD><NOBR><div> <A HREF="index.htm" TARGET="_top" TITLE="The Fed Short Sales"><U><B><IMG BORDER="0" SRC="Symb075c00b700c899330000.png" HEIGHT="13" WIDTH="24" ALIGN="bottom" HSPACE="0" VSPACE="0">More Federal  Reserve Data</B></U></A></div> </NOBR></tD> </tR> </TABLE></B></div> <bR> <div> <B> <TABLE BORDER="0" CELLPADDING="2" CELLSPACING="1" WIDTH="582" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="VOID" RULES="NONE" HSPACE="0" VSPACE="0" > <tR> <tD VALIGN=TOP HEIGHT= 61 ><NOBR><div> <B>NYSE Member Short Sales. </B></div> <div> <B>The blue Line is a 26 Week Exponential Average </B></div> <div> <B>10 Week Exponential Average (yellow).</B></div> </NOBR></tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="membe_short"><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="566"> <IMG SRC="../../images/wfed/fedshort/mem_shrt.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </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= 37 WIDTH="566"><div> <B>4 Week Average of Member Short Sales /  Total Short Sales (Ratio)</B></div> </tD> <tD VALIGN=TOP><NOBR><div> <B> <A NAME="ratio"><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= 163 WIDTH="566"> <IMG SRC="../../images/wfed/fedshort/mem_shrt_tot_shrt.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0"> </tD> <tD VALIGN=TOP WIDTH="5"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="163" ALIGN="bottom" WIDTH="5" 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 - 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