Re: "M" (was Re: [CANSLIM] S&P 500 forecast)

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: "M" (was Re: [CANSLIM] S&P 500 forecast)
Date: Tue, 23 Apr 2002 09:17:48 -0400
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MessageSimple, I am making money in my little niche, and beating every =
major index hands down. Takes more work, but worth the effort, and I =
like the challenge.

Besides, money markets are so totally boring anyway.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley
- ----- Original Message -----=20
From: Duke Miller=20
To: canslim@lists.xmission.com=20
Sent: Tuesday, April 23, 2002 9:13 AM
Subject: RE: "M" (was Re: [CANSLIM] S&P 500 forecast)


Since (and I agree) M is the most important letter in the alphabet, and =
since it's as choppy and ill-defined as it is, and since it is often =
ignored and overlooked, then I only have two questions? =20

1) What's to discuss?

2) Why are you fully invested under this cloud?

WON says when M's like this the best tactic and virtue is patience.  I =
couldn't agree more.  I continue to lurk and look at the future =
potentials.

Duke


  -----Original Message-----
  From: owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com] On Behalf Of Tom Worley
  Sent: Tuesday, April 23, 2002 8:42 AM
  To: canslim@lists.xmission.com
  Subject: "M" (was Re: [CANSLIM] S&P 500 forecast)


  I would like to see some serious discussion here on "M". It is the =
most important of the seven letters in CANSLIM, and is so often ignored =
or overlooked.=20

  The small caps continue to work for me, and I remain fully invested in =
all accounts. Money appears to be shifting back from value to growth. =
Volume appears to be picking up. But because I don't focus on the mid =
caps, I often wonder what may also be happening there.

  Tom Worley
  stkguru@bellsouth.net
  AIM: TexWorley
  ----- Original Message -----=20
  From: Hill, Ernie=20
  To: 'canslim@lists.xmission.com'=20
  Sent: Monday, April 22, 2002 12:07 PM
  Subject: RE: [CANSLIM] S&P 500 forecast


  Hi Tom,

  =20

  It is purely my version of TA. It has really helped me in my trading.

  =20

  I would not present these forecasts to the group if I were not =
confident in them. My purpose in posting these forecasts is to give back =
some value to a group that has given me value. Determining market =
direction has not been very easy to do lately. It is my hope that as =
some group members gain some confidence that I may actually know what I =
am talking about that they could use these forecasts as another tool to =
benefit them in their CANSLIM investments.

  =20

  E

  =20

  PS: Today is certainly not adding to my credibility J

  =20

  -----Original Message-----
  From: Tom Worley [mailto:stkguru@bellsouth.net]
  Sent: Monday, April 22, 2002 7:16 AM
  To: canslim@lists.xmission.com
  Subject: Re: [CANSLIM] S&P 500 forecast

  =20

  I don't understand your reasoning for this, Ernie, but I would =
certainly cheer 1238 on the S&P500 by then.

  =20

  Tom Worley
  stkguru@bellsouth.net
  AIM: TexWorley

  ----- Original Message -----=20


  From: Hill, Ernie=20

  To: CANSLIM=20

  Sent: Saturday, April 20, 2002 10:08 PM

  Subject: [CANSLIM] S&P 500 forecast

  =20

  At this point in time I have two high probability projections for the =
next major turning point in the S&P 500. The highest probability is for =
a turning point on May 21, 2002 at a price level of 1200. The second =
highest probability is for a turning point on May 22, 2002 at a price =
level of 1238. As we approach these dates one of these scenarios should =
emerge as the most likely candidate.

  =20

  E



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<DIV><FONT face=3DArial>Simple, I am making money in my little niche, =
and beating=20
every major index hands down. Takes more work, but worth the effort, and =
I like=20
the challenge.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><FONT face=3DArial>Besides, money markets are so totally boring=20
anyway.</FONT></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV>Tom Worley<BR><A=20
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
TexWorley</DIV>
<DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
<DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
title=3Ddukemill@tampabay.rr.com =
href=3D"mailto:dukemill@tampabay.rr.com">Duke=20
Miller</A> </DIV>
<DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
<DIV><B>Sent:</B> Tuesday, April 23, 2002 9:13 AM</DIV>
<DIV><B>Subject:</B> RE: "M" (was Re: [CANSLIM] S&amp;P 500=20
forecast)</DIV></DIV>
<DIV><BR></DIV>
<DIV><SPAN class=3D701060813-23042002><FONT face=3DArial>Since (and I =
agree)&nbsp;M=20
is the most important letter in the alphabet, and&nbsp;since it's as =
choppy and=20
ill-defined as it is, and since it is often ignored and overlooked, then =
I only=20
have two questions?&nbsp; </FONT></SPAN></DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D701060813-23042002><FONT face=3DArial>1) What's to=20
discuss?</FONT></SPAN></DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D701060813-23042002><FONT face=3DArial>2) Why are you =
fully=20
invested under this cloud?</FONT></SPAN></DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D701060813-23042002><FONT face=3DArial>WON says when =
M's like this=20
the best tactic and virtue is patience.&nbsp; I couldn't agree =
more.&nbsp; I=20
continue to lurk and look at the future potentials.</FONT></SPAN></DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial>Duke</FONT></SPAN></DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D701060813-23042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<BLOCKQUOTE style=3D"MARGIN-RIGHT: 0px">
  <DIV></DIV>
  <DIV class=3DOutlookMessageHeader lang=3Den-us dir=3Dltr =
align=3Dleft><FONT=20
  face=3DTahoma size=3D2>-----Original Message-----<BR><B>From:</B>=20
  owner-canslim@lists.xmission.com =
[mailto:owner-canslim@lists.xmission.com]=20
  <B>On Behalf Of </B>Tom Worley<BR><B>Sent:</B> Tuesday, April 23, 2002 =
8:42=20
  AM<BR><B>To:</B> canslim@lists.xmission.com<BR><B>Subject:</B> "M" =
(was Re:=20
  [CANSLIM] S&amp;P 500 forecast)<BR><BR></FONT></DIV>
  <DIV><FONT face=3DArial>I would like to see some serious discussion =
here on "M".=20
  It is the most important of the seven letters in CANSLIM, and is so =
often=20
  ignored or overlooked. </FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
  <DIV><FONT face=3DArial>The small caps continue to work for me, and I =
remain=20
  fully invested in all accounts. Money appears to be shifting back from =
value=20
  to growth. Volume appears to be picking up. But because I don't focus =
on the=20
  mid caps, I often wonder what may also be happening =
there.</FONT></DIV>
  <DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
  <DIV>Tom Worley<BR><A=20
  =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
  TexWorley</DIV>
  <DIV style=3D"FONT: 10pt arial">----- Original Message -----=20
  <DIV style=3D"BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A=20
  title=3DErnie.Hill@ElPaso.com =
href=3D"mailto:Ernie.Hill@ElPaso.com">Hill,=20
  Ernie</A> </DIV>
  <DIV><B>To:</B> <A title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:'canslim@lists.xmission.com'">'canslim@lists.xmission.com'=
</A>=20
  </DIV>
  <DIV><B>Sent:</B> Monday, April 22, 2002 12:07 PM</DIV>
  <DIV><B>Subject:</B> RE: [CANSLIM] S&amp;P 500 forecast</DIV></DIV>
  <DIV><BR></DIV>
  <DIV class=3DSection1>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt">Hi=20
  Tom,<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt">It is=20
  purely my version of TA. It has really helped me in my=20
  trading.<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt">I=20
  would not present these forecasts to the group if I were not confident =
in=20
  them. My purpose in posting these forecasts is to give back some value =
to a=20
  group that has given me value. Determining market direction has not =
been very=20
  easy to do lately. It is my hope that as some group members gain some=20
  confidence that I may actually know what I am talking about that they =
could=20
  use these forecasts as another tool to benefit them in their CANSLIM=20
  investments.<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt">E<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt">PS:=20
  Today is certainly not adding to my credibility =
</SPAN></FONT></SPAN><SPAN=20
  class=3DEmailStyle19><FONT face=3DWingdings color=3Dnavy><SPAN=20
  style=3D"FONT-FAMILY: Wingdings; mso-ascii-font-family: Arial; =
mso-hansi-font-family: Arial; mso-ansi-font-size: 12.0pt; mso-char-type: =
symbol; mso-symbol-font-family: Wingdings"><SPAN=20
  style=3D"mso-char-type: symbol; mso-symbol-font-family: =
Wingdings">J</SPAN></SPAN></FONT></SPAN><SPAN=20
  class=3DEmailStyle19><FONT face=3DArial color=3Dnavy><SPAN=20
  style=3D"FONT-FAMILY: Arial; mso-ansi-font-size: =
12.0pt"><o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal><SPAN class=3DEmailStyle19><FONT face=3DArial =
color=3Dnavy=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; FONT-FAMILY: Arial; mso-bidi-font-size: =
12.0pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></SPAN></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DTahoma =
color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Tahoma">-----Original=20
  Message-----<BR><B><SPAN style=3D"FONT-WEIGHT: bold">From:</SPAN></B> =
Tom Worley=20
  [mailto:stkguru@bellsouth.net]<BR><B><SPAN=20
  style=3D"FONT-WEIGHT: bold">Sent:</SPAN></B> Monday, April 22, 2002 =
7:16=20
  AM<BR><B><SPAN style=3D"FONT-WEIGHT: bold">To:</SPAN></B>=20
  canslim@lists.xmission.com<BR><B><SPAN=20
  style=3D"FONT-WEIGHT: bold">Subject:</SPAN></B> Re: [CANSLIM] S&amp;P =
500=20
  forecast</SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt"><![if =
!supportEmptyParas]><![endif]>&nbsp;<o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
  size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: =
Arial">I don't=20
  understand your reasoning for this, Ernie, but I would certainly cheer =
1238 on=20
  the S&amp;P500 by then.</SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black">&nbsp;</SPAN></FONT><FONT=20
  color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black">Tom=20
  Worley<BR><A=20
  =
href=3D"mailto:stkguru@bellsouth.net">stkguru@bellsouth.net</A><BR>AIM:=20
  TexWorley</SPAN></FONT><FONT color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
  size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">-----=20
  Original Message -----=20
  <DIV style=3D"font-color: black"></SPAN></FONT><FONT face=3DArial =
color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT>
  <P></P>
  <P class=3DMsoNormal style=3D"BACKGROUND: #e4e4e4; MARGIN-LEFT: =
0.5in"><B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">From:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
  title=3DErnie.Hill@ElPaso.com =
href=3D"mailto:Ernie.Hill@ElPaso.com">Hill,=20
  Ernie</A> </SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P></DIV>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">To:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <A=20
  title=3Dcanslim@lists.xmission.com=20
  href=3D"mailto:canslim@lists.xmission.com">CANSLIM</A> =
</SPAN></FONT><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Sent:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> Saturday, =
April 20,=20
  2002 10:08 PM</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><B><FONT =
face=3DArial color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-WEIGHT: bold; FONT-SIZE: 10pt; COLOR: black; =
FONT-FAMILY: Arial">Subject:</SPAN></FONT></B><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> [CANSLIM] =
S&amp;P=20
  500 forecast</SPAN></FONT><FONT face=3DArial color=3Dblack =
size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3D"Times =
New Roman"=20
  color=3Dblack size=3D3><SPAN style=3D"FONT-SIZE: 12pt; COLOR: =
black"><![if !supportEmptyParas]><![endif]>&nbsp;</SPAN></FONT><FONT=20
  color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
  size=3D2><SPAN style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">At this=20
  point in time I have two high probability projections for the next =
<U>major=20
  turning point</U> in the S&amp;P 500. The highest probability is for a =
turning=20
  point on <st1:date Month=3D"5" Day=3D"21" Year=3D"2002">May 21, =
2002</st1:date> at a=20
  price level of 1200. The second highest probability is for a turning =
point on=20
  <st1:date Month=3D"5" Day=3D"22" Year=3D"2002">May 22, 2002</st1:date> =
at a price=20
  level of 1238. As we approach these dates one of these scenarios =
should emerge=20
  as the most likely candidate.</SPAN></FONT><FONT face=3DArial =
color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">&nbsp;</SPAN></FONT><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT face=3DArial =
color=3Dblack=20
  size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: =
Arial">E</SPAN></FONT><FONT=20
  face=3DArial color=3Dblack size=3D2><SPAN=20
  style=3D"FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial; =
mso-color-alt: windowtext"><o:p></o:p></SPAN></FONT></P>
  <P class=3DMsoNormal style=3D"MARGIN-LEFT: 0.5in"><FONT =
face=3D"Courier New"=20
  color=3Dblack size=3D3><SPAN=20
  style=3D"FONT-SIZE: 12pt; COLOR: black; FONT-FAMILY: 'Courier New'; =
mso-fareast-font-family: 'Courier New'"><BR><BR><CODE><SPAN=20
  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: =
12.0pt">*****************************************************************=
*</SPAN></CODE><BR><CODE><SPAN=20
  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: 12.0pt">This =
email and=20
  any files transmitted with it from the ElPaso =
</SPAN></CODE><BR><CODE><SPAN=20
  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: =
12.0pt">Corporation are=20
  confidential and intended solely for the </SPAN></CODE><BR><CODE><SPAN =

  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: 12.0pt">use =
of the=20
  individual or entity to whom they are addressed. =
</SPAN></CODE><BR><CODE><SPAN=20
  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: 12.0pt">If =
you have=20
  received this email in error please notify the =
</SPAN></CODE><BR><CODE><SPAN=20
  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: =
12.0pt">sender.</SPAN></CODE><BR><CODE><SPAN=20
  style=3D"mso-ansi-font-size: 12.0pt; mso-bidi-font-size: =
12.0pt">*****************************************************************=
*</SPAN></CODE></SPAN></FONT><FONT=20
  color=3Dblack><SPAN=20
  style=3D"COLOR: black; mso-color-alt: =
windowtext"><o:p></o:p></SPAN></FONT></P></DIV><CODE><FONT=20
  =
size=3D3><BR><BR>********************************************************=
**********<BR>This=20
  email and any files transmitted with it from the ElPaso =
<BR>Corporation are=20
  confidential and intended solely for the <BR>use of the individual or =
entity=20
  to whom they are addressed. <BR>If you have received this email in =
error=20
  please notify the=20
  =
<BR>sender.<BR>**********************************************************=
********<BR></BLOCKQUOTE></FONT></CODE></BODY></HTML>

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