May 4, 2007 Sentiment Investors Intelligence Bulls 51.7 % Bears 24.7% Correction 23.6% 51.7/(51.7+24.7) = 67.67% Four Week Average = 66.43% A few historic dates: 7-20-98 68.42% 10-12-98 47.41% 4-3-00 67.79% 1-1-01 64.10% 4-4-01 58.91% 9-17-01 52.0% 9-21-01 48.7% 7-19-02 47.2% 7-23-02 47.2% 10-9-02 50.0% Sideline Money Bears + Correction = 48.3% Four Week Average = 48.75% ==============================================================