Subject: File No. S7-08-09
From: Madelene Walusek
Affiliation: Private investor

August 19, 2009

Dear Commissioner,

I am in favor of the alternative uptick rule for short selling. This would still allow legitimate shorting of stocks but help prevent a panic drop in stocks. That, along with prosecuting illegal naked shorting, would be a long term benefit to the markets.

Madelene Walusek