I want to tell you that I have formed ETFConcepts, LLC (ETFC) which has just become a CT State registered investment adviser. I did this to be able to help those who like SPYmaster but do not have the time, know-how or patience to follow the signals.

             As a result of this I've had to make a few changes.    

          1) To avoid possible conflicts of interest, until now I have prohibited myself and related parties from trading SPY in their own accounts. One of these people has already become ETFC's first client, and the way we are set up with Interactive Brokers, all client accounts will trade SPY at the same time and price; so I am going to change the prohibition to allow me, relatives and employees who are clients of ETFC to have their accounts be traded just like all the others.

          2) Although a buy or sell signal is not official until after the close of a day's trading, as you know, I always send an e-mail during that day warning of a probable end of day signal. Only once has that early e-mail been wrong and that was because of a change in the underlying data after what we had thought had been the close. To make our business practicable, ETFC will trade client accounts using SPYmaster II's signals before, at or after the close but not until after the warning e-mail has been sent to SPYmaster II subscribers.

          Those who have expressed interest in having me manage some of their funds with the SPYmaster II process have received a letter with enclosures from scw@ETFConcepts.net. Unfortunately, unless you have added that address to your list of contacts in your e-mail program that letter may have wound up in your junk mailbox; so if you have an interest, please do add that address and let me know if you haven't received the letter. Should you have any questions about this, please give me a call.