Subject: File No. S7-08-09
From: John E Detraz
Affiliation: None

May 8, 2009

As a holder of a 401k which will comprise a major portion of my retirement income, and being a holder of a 8-5 job I believe the Uptick rule change will be beneficial to the everyday worker who have their future wrapped up in the stockmarket. If the everyday worker decides that the stockmarket is not a safe place for their money they will have no choice but to find alternative areas to save their money even if those alternatives dont provide the growth opportunities that the stockmarket would.
Please reinstate the Uptick rule.