From: Donald M James [djames@ONDEO-Nalco.com]
Sent: Friday, October 10, 2003 12:53 PM
To: rule-comments@sec.gov
Subject: (s7-26-03 and S7-27-03) http://www.sec.gov/news/press/2003-136.htm

http://www.sec.gov/news/press/2003-136.htm

Mr Donaldson.

I am opposed to significant changes restricting market timing or affecting how 
mutual funds calculate prices.

If you prevent timing using mutual funds, then only those people who have 
sufficient capital to trade the futures markets will be able to time the markets.

Rather than restricting timing, perhaps the SEC could educate the public. 

For example, I have used MACD to help grow my 401k since I learned of the 
technique.

I avoided the fate of Enron 401k holders who were forced into the "buy-and-hold" 
method that is so popularly written about.



Also, regarding pricing of mutual funds, if you change the way that mutual 
funds are priced, then only large investors can take advantage of arbitrage 
opportunities. The little guys like me with only a small 401k are prevented 
from the chance of gaining an incremental return by using our brains.

Educate, rather than legislate.

Thanks, Don