The INSIIDE Track intra-month Update is a brief update geared to bridge the gap between issues of the monthly INSIIDE Track newsletter. It is updated by 9: 00 PM (Central Time) around the 5 th , 12 th & 22 nd of each month (specific dates for each month's IT Update provided in the preceding IT Update AND in the Re-Cap section of the preceding issue of INSIIDE Track ) and on any day the DJIA closes 200 points in either direction.

   The INSIIDE Track Update focuses on the 3-5 week & 1-3 month trends, trades and analysis and is also able to convey any intra-month changes much quicker than the monthly newsletter - when it can still be capitalized on - for those intermediate term traders that want to stay in a little closer touch with the markets.

   Since not all INSIIDE Track newsletter subscribers opt to also subscribe to the IT Update, the trades given in the newsletter and IT Update are separate and/or treated differently. This is to take into consideration the fact that newsletter-only subscribers will not be receiving the more timely updates available in the IT Update .

   As a result, IT Update trades will frequently be exited quicker than those given in the newsletter since closer touch is maintained. This also means that stops given for newsletter-based traders are often wider (involving more risk but allowing a larger buffer to prevent premature whipsaws) than those given or revised in the intra-month Update.

   Be careful to treat apples as apples and oranges as oranges. Do not mix the trades in the various publications unless you are attempting to provide a diversity of time frames in your portfolio (in which case both trades should be followed).

   [NOTE: The INSIIDE Track Intra-Month Update is NOT The Weekly Re-Lay service. Please do not confuse the two as they are very different.]

Below is a sample of a recent INSIIDE Track Intra-Month Update:

October 6, 2005 INSIIDE Track Update from Eric S. Hadik www.insiidetrack.com

[Update trades apply only to INSIIDE Track analysis, and are distinct from Weekly Re-Lay recommendations. Do NOT attempt to mix the two as they incorporate diverse time frames, risk parameters and update frequency. See add'l notes below.]

   10/06/05 - INSIIDE Track Update -- Stock indices did bounce into the end of September and are initially fulfilling analysis for "a sharper decline into October 13/14th ."They have already turned their intra-month trends down, reinforcing the potential for a drop into mid-month. Several weekly indicators corroborate this scenario and portend a type of blow-off drop into Oct. 14/17th before a period of consolidation takes hold.

   3-5 week INSIIDE Track Update traders should be short the Dec. mini-Nasdaq 100 futures from an avg. price of 1611.0/NQZ and holding these w/avg. open gains of about $950/contract. Move buy stops to 1618.5/NQZ and trail this stop 70.0 basis points above the lowest low of this decline. If/when the NQZ hits 1486.0, tighten the trailing stop to 55.0 basis points above the lowest low of the move.

   Bonds & Notes reversed lower right on schedule (on Sept. 23rd ), in line with their daily trend patterns. They have already reached their minimum downside objectives - at 114-08/USZ & 110-08/TYZ - but have the potential to extend this drop into Oct. 12---14 th .

   Gold & Silver have reinforced their latest uptrends and are expected to extend these advances into Nov. 7--11th . Silver is poised to spike above 800.0/SIZ as part of this advance. A weekly close above 752.5/SIZ is needed to confirm this.

   The Dollar fulfilled expectations for a rebound into Sept. 26--30th while the Euro & Yen declined into the same cycle. Each of these currencies has already given a convincing reversal with the intra-month trends (Dollar down/Euro & Yen up) now corroborating. The daily trends cannot reverse until Monday, at the earliest, so more confirmation is still needed. If confirmed, the Dollar is expected to drop into Nov. 7--11th .

   Crude Oil continues lower but needs a weekly close below 63.75/CLZ as the final confirmation that a 2-3 month top is intact.

   Natural Gas has fulfilled all expectations - in price & time - for its projected May--September surge. It is likely to consolidate and fall back to gap support around 11.000/NGZ in the coming weeks.

   Soybeans remain in a downtrend and could see a spike down to 540--545.5/SX.

   Futures trading involves substantial risk. Past performance is no guarantee of future results. Update trades apply only to INSIIDE Track analysis, and are distinct from Weekly Re-Lay recommendations. The next INSIIDE Track Update will be after 9:00 PM CDT on October 13th ...or any intervening day the DJIA cash index closes 200 points or more in either direction.

   [By its very nature, the IT Update cannot react as quickly as the WR and must focus on the bigger picture and be willing to take larger risk on corresponding trades. Some subscribers just purchase the IT Newsletter & Update & do NOT receive the WR, preventing their knowledge of shorter-term WR trades. WR traders have the option of sticking with just the WR trades or setting up a portfolio that trades both. The benefit of this is that sometimes markets do not allow a low-risk entry and a particular move might be missed by WR traders while IT Update traders might have entered earlier (but w/greater risk). IT Update traders must risk more since updates are less frequent & not conducive to frequent in-and-out trading. The two systems are different & should be treated as such. See insiidetrack.com for related descriptions of these services.]