[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

Fw: TSA Group Newsletter #12-01



PureBytes Links

Trading Reference Links


Hi gang-
 
Got this newsletter from TSA group. They have a new 
Metastock plug-in that looks promising (industry groups, multiple system 
testing, etc.) Please see below...
 
 
----- Original Message ----- 
From: <A 
title=news@xxxxxxxxxxxx href="mailto:news@xxxxxxxxxxxx";>TSA Group 
To: <A title=sdugas@xxxxxxxxxxxx 
href="mailto:sdugas@xxxxxxxxxxxx";>sdugas@xxxxxxxxxxxx 
Sent: Thursday, November 29, 2001 12:30 AM
Subject: TSA Group Newsletter #12-01



  
  
    <A 
      href="http://www.tsagroup.com/index.html";><IMG height=78 
      src="http://www.tsagroup.com/newsletters/images/header_logo.gif"; width=188 
      border=0>
    <IMG height=9 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=1 
      border=0>
    <IMG height=1 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=2 
      border=0>
    <IMG height=78 
      src="http://www.tsagroup.com/newsletters/images/header_right.png"; width=3 
      border=0>
  
    <IMG height=45 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=1 
      border=0>
    <IMG height=39 
      src="http://www.tsagroup.com/newsletters/images/cot-banner1.gif"; width=385 
      border=0>
  
    <IMG height=3 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=1 
      border=0>
    <IMG height=1 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=500 
      border=0>
  
    <IMG height=21 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=1 
      border=0>
    <FONT face=arial size=2 
      font-color="#AC7113">Volume 1, Newsletter 12-01, November 28, 
      2001
    <TD vAlign=center 
  bgColor=#fef9d8>     

  
  
    In this issue:
    Welcome<A 
      href="#spy">SpyGlass has arrived!<A 
      href="#cot">Commitment of Traders 
    New Website<A 
      href="#feature">Feature: "Confirmation"<A 
      href="#seminar">New York seminar <A 
name=welcome>

  
  
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_left.png"; 
      width=8 border=0>
    <TD vAlign=center 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd.png><FONT 
      face=arial,helvetica,verdana color=#026e49 
      size=3>Welcome
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_right.png"; 
      width=8 border=0>
  
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_left.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
    <IMG height=1 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=675 
      border=0>
      Welcome to issue 
      #12-01 of the TSAGroup newsletter!<FONT 
      face=arial,helvetica,verdana size=2>If, for any reason, this newsletter 
      does not display properly, please <A 
      href="http://www.tsagroup.com/newsletters/news12-01.html";>click 
      here.So 
      much has transpired here at Trading Systems Analysis Group (TSAG), we 
      hardly know where to begin. By the look of our newsletter and new website, 
      we don't blame you if you don't remember us! We know its been a long time, 
      but we're sure you'll find the wait was worth it.Our new HTML 
      formatted newsletter is not just to take up more of your bandwidth. We 
      elected to use this format so we could send you those articles you like, 
      complete with graphics and charts. Our goal will be to provide you the 
      most valuable content, with the fastest download speed possible.As 
      always, we take suggestions for future developments at <A 
      href="mailto:suggest@xxxxxxxxxxxx";>suggest@xxxxxxxxxxxx. Please 
      feel free to email us with article suggestions and requests, 
      also.If you have any feedback on our newsletter (or disagree with 
      something we've published), we welcome your comments. Please send all 
      comments to <A 
      href="mailto:tsag@xxxxxxxxxxxx";>tsag@xxxxxxxxxxxx. We look 
      forward to hearing your opinion.Again, welcome back to TSAGroup. 
      We're confident you will appreciate the hard work we have done. Read 
      on!
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_right.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
  
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_left.png"; 
      width=8 border=0>
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_btm_center.png><IMG 
      height=5 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=1 border=0>
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_right.png"; 
      width=8 border=0>

  
  
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_left.png"; 
      width=8 border=0>
    <TD vAlign=center 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd.png><FONT 
      face=arial,helvetica,verdana color=#026e49 size=3>Product 
      Release
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_right.png"; 
      width=8 border=0>
  
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_left.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
    
      
        
        
          <IMG height=1 
            src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
            width=660 border=0>
        
          <A 
            href="http://www.tsagroup.com/spy/index.html";><IMG height=64 
            hspace=15 
            src="http://www.tsagroup.com/newsletters/images/SpyGla1.png"; 
            width=64 border=0> 
          <FONT 
            face=arial,helvetica,verdana color=red size=4>Announcing SpyGlass 
            Market Toolbox for MetaStock!
        
          <FONT face=arial,helvetica,verdana 
            size=2>It doesn't take long as a user of MetaStock to find out 
            there are many vitally important and powerful features 
            missing. The 
            SpyGlass Market Toolbox plug-in for MetaStock® 
            enhances MetaStock's power dramatically by adding industry folders, 
            industry indices, broad market calculations, and also adding three 
            additional trading systems. SpyGlass features include: 
            
              Industry 
              Groups - Organizes your securities in folders using the 
              MetaStock Data CD (comes with MetaStock). 
              External 
              Relative Strength (ERSA) - Calculates the popular External 
              Relative Strength indicator (similar to Investor's Business Daily 
              relative strength ranking). 
              Broad 
              Market - Calculates Broad Market numbers such as A/D Line, 
              % of stocks above a moving average, etc. Works on any market as 
              long as you provide the data. 
              Folder 
              Averages - Calculates the average price of all securities 
              in a folder (a.k.a. Industry Indices). Find out which industry 
              groups are performing best, then find the best stocks within those 
              groups. 
              Trading 
              Systems - Our three favorite trading systems. 
              Multiple 
              Security System Tester - Improves upon the MetaStock 
              System Tester in many ways. Upgrade includes commission, interest, 
              stops. 
              <A 
              href="http://www.tsagroup.com/spy/shark.html";>Fundamental 
              Analysis (ValuShark) - After the last year, don't you want 
              to see the fundamentals now? 
              Formulas 
              (EOD Toolkit) - Cool user requests. 
            For more 
            information, and to order, <A 
            href="http://www.tsagroup.com/spy/index.html";>visit the website 
            product page!
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_right.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
  
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_left.png"; 
      width=8 border=0>
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_btm_center.png><IMG 
      height=5 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=1 border=0>
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_right.png"; 
      width=8 border=0>

  
  
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_left.png"; 
      width=8 border=0>
    <TD vAlign=center 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd.png><FONT 
      face=arial,helvetica,verdana color=#026e49 size=3>Commitment of 
      Traders
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_right.png"; 
      width=8 border=0>
  
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_left.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
    
      
        
        
          <IMG height=1 
            src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
            width=660 border=0>
        
          <FONT face=arial,helvetica,verdana color=red 
            size=4>Commitment of Traders Data 
        Services
        
          
            Those of you longtime 
            TSAGroup patrons that are Commodities and Futures traders 
            (that also happen to own MetaStock or Tradestation!) will be glad to 
            know that someone has finally provided Commitment of Traders 
            (COT) data in a format compatible for direct import and 
            analysis. That's right! We did it!! For the past several months 
            we have been working hard to convert the almost unusable CFTC 
            reports into a meaningful format that you can use to augment and 
            confirm your price data analysis. Historical data is also 
            available dating back to 1986!
            Not sure what Commitment of Traders is? No problem. We 
            have lots of great resources on the <A 
            href="http://www.tsagroup.com";>TSAGroup website that will 
            help you, and provide insight why COT information is so valuable. As 
            a matter of fact, this newsletter's featured article illustrates 
            much of the value of COT information (not tied directly to 
            price).
            SPECIAL 
            INTRODUCTORY OFFER THROUGH DECEMBER 5th! - Subscribe to 
            the monthly COT data service ($9.95/month), and get the Historical 
            package for a one-time charge of $59 (regularly $99). For more 
            information or to sign up, <A 
            href="http://www.tsagroup.com/datasvc.html";>click 
            here.
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_right.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
  
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_left.png"; 
      width=8 border=0>
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_btm_center.png><IMG 
      height=5 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=1 border=0>
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_right.png"; 
      width=8 border=0>

  
  
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_left.png"; 
      width=8 border=0>
    <TD vAlign=center 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd.png><FONT 
      face=arial,helvetica,verdana color=#026e49 size=3>TSAGroup 
      On-The-Web
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_right.png"; 
      width=8 border=0>
  
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_left.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
    
      
        
        
          <IMG height=1 
            src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
            width=660 border=0>
        
          <FONT face=arial,helvetica,verdana color=red 
            size=4>New TSAGroup Website!
        
          
            Many months, and a lot of work later, we at TSAGroup are proud 
            to unveil our brand new website. We have automated many of the 
            functions that used to be manually processed, and our product 
            fulfillment is now fully automated, so that you can purchase, 
            and instantly download.
            Below are a few of the new features, but we would love it if you 
            would take the time to visit 
            us on the web, and see for yourself all the new features, 
            and the sense of community we have developed. 
            
              New Member 
              Center - Everything our customers need. Downloading, news 
              and Information, and tutorials. 
              New 
              Forums - All new moderated forums with email replies, 
              membership, bad word filters, and much more! 
              Automated 
              product fulfillment - Purchase now, download now! 
              Expanded Free 
              area - New freebies with formatting that allows you to 
              cut-and-paste code. 
              <A 
              href="http://www.tsagroup.com/archives.html";>Articles - 
              and more articles! 
              Contact 
              Support - A support page with forms to send us feedback. 
              Detailed 
              Charting instructions - For COT Subscribers, detailed 
              instructions for charting in MetaStock and Tradestation 
            
            Obviously, there is so much more we can't detail here, so put on 
            your titanium clicking finger, and <A 
            href="http://www.tsagroup.com";>come see 
            us!
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_right.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
  
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_left.png"; 
      width=8 border=0>
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_btm_center.png><IMG 
      height=5 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=1 border=0>
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_right.png"; 
      width=8 border=0>

  
  
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_left.png"; 
      width=8 border=0>
    <TD vAlign=center 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd.png><FONT 
      face=arial,helvetica,verdana color=#026e49 size=3>Feature 
      Article
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_right.png"; 
      width=8 border=0>
  
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_left.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
    
      
        
        
          <IMG height=1 
            src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
            width=660 border=0>
        
          
            The following article was donated by one 
            of our patrons. We would like to thank Randy for his contribution, 
            and encourage all of our customers to <A 
            href="http://www.tsagroup.com/support.html";>contact us if you 
            would like us to publish a pertinent trading related article you 
            have written. TSAGroup assumes no responsibility or liability for 
            this content, and presents it solely as the opinion and view of the 
            author.
        
          <FONT face=arial,helvetica,verdana color=red 
            size=4>Confirmation...That's What We Need!<FONT 
            face="times new roman" size=2>by Randy 
            Moller
        
          
            For some time now, I've been paying close attention to coffee 
            hoping to identify a trend reversal. Lets face it, this commodity 
            can only go so low before the commercial producers won't want to 
            grow the stuff! Looking at the price data suggests that we are 
            approaching that point. Since as far back as 1999, the trend has 
            been steadily down, with no bottom in sight. I missed the entry 
            point, and so decided to wait until I could clearly see a 
            turn-around.
            So how does one accurately predict this change in direction? Lets 
            restate the obvious&#8230; The more information that supports a buying 
            or selling decision, the higher the likelihood of success&#8230; 
            right? In trading terms this is called "confirmation". Is it 
            enough to establish a periodic subjective trendline, and go with 
            your gut? Only if you have deep pockets.
            Lets examine coffee's current price data first, and add more 
            technicals to see if a long position is supported.
            
            <IMG height=471 
            src="http://www.tsagroup.com/newsletters/images/confirm1.png"; 
            width=632 border=0>
            If we draw a simple trend line beginning on June 18th and extend 
            to the right, we see what appears to be a breakout occurring on 
            November 1st. Unfortunately, this information alone does little to 
            validate (or confirm) our long position. It is simply a "trendline 
            breakout" which could be an actual reversal, or, could be just 
            another spike.
            Taking a look at the volume at and around the breakout point we 
            see higher activity, but we're still unable to identify which 
            group is trading, whether they are reversing their positions, or 
            simply reducing contracts. Identifying this information provides us 
            with very valuable clues as to the nature of the move. Now lets add 
            Commitment of Traders net positions data to our chart.
            
            <IMG height=465 
            src="http://www.tsagroup.com/newsletters/images/confirm2.png"; 
            width=601 border=0>
            As a point of reference, the <FONT face=arial,helvetica,verdana 
            color=blue size=2>commercial group above is shown in 
            blue, the <FONT face=arial,helvetica,verdana color=green 
            size=2>non-commercials (or large speculators) in 
            green, and the <FONT face=arial,helvetica,verdana 
            color=red size=2>small investor in red. Notice that in 
            a downward trend, the non-commercials hold the majority of short 
            positions, and appear to be in control. This is valuable analysis, 
            but without having a more granular view of the group, we still don't 
            have a snapshot of what they might be doing at this point in 
            time.
            Wouldn't it be nice to know which group is in control (or appears 
            to control), and whether or not they are suddenly reversing 
            positions? We might find out by first applying an open interest 
            indicator to see if the overall number of contracts is 
            increasing or decreasing, and then later creating and applying 
            long and short position indicators for each group to determine 
            who is doing what. Let's take a look at the same chart enhanced with 
            open interest data.
            
            <IMG height=465 
            src="http://www.tsagroup.com/newsletters/images/confirm3.png"; 
            width=601 border=0>
            Here are the volume and open interest figures by date beginning 
            on 10/31/2001; 
            
              10-31-2001 - volume: 14,334 open interest: 60,370 
              11-01-2001 - volume: 9,214 open interest: 59,367 (notice a 
              drop of approx 1,000 contracts) 
              11-02-2001 - volume: 7,818 open interest: 60,241 (notice the 
              increase of approx 1,000 contracts) 
              11-03-2001 - volume: 10,253 open interest: 59,538 (again a 
              drop) 
            This cycling up and down in open interest is very interesting. It 
            also appears to be fairly consistent in numbers of contracts. Might 
            this suggest that a group (or groups) of investors are first getting 
            out of positions, then possibly buying the reverse? We can't tell 
            just yet, but by looking closely at the long and short position 
            indicators, we may soon find out. A 1,000 contract swing in a 
            60,000 contract commodity might not be that unusual in and of 
            itself, but it is enough of a move to prompt further investigation. 
            So lets now look at a final piece of information, the longs and 
            shorts data.
            
            <IMG height=532 
            src="http://www.tsagroup.com/newsletters/images/confirm4.png"; 
            width=586 border=0>
            You no doubt noticed that a number of days have elapsed since I 
            started writing this. It's nice when your intuitions and analysis 
            bear fruit! As you can see, the next week's COT data has arrived, 
            and it appears that the <FONT face=arial,helvetica,verdana color=red 
            size=2>small investors (you and me) appear to be in 
            control. Over the past week the <FONT face=arial,helvetica,verdana 
            color=red size=2>small investors have moderately 
            increased in long positions, with <FONT face=arial,helvetica,verdana 
            color=blue size=2>the hedgers (commercials) reducing 
            their long positions. <FONT face=arial,helvetica,verdana color=green 
            size=2>The large investors seem to be reducing their 
            short positions, but are not yet jumping on the long bandwagon. 
            Remember that the <FONT face=arial,helvetica,verdana color=blue 
            size=2>commercials are primarily "hedging" or locking 
            in prices, and don't customarily try to make money on the swings, so 
            we wont assign too much value to this move. The <FONT 
            face=arial,helvetica,verdana color=green size=2>speculators 
            (large investors) are reducing short positions 
            substantially, which is consistent with the price move, and yet 
            not replacing them with long positions. This is probably one 
            of the more important pieces of information revealed here. In 
            that <FONT face=arial,helvetica,verdana color=blue 
            size=2>Commercials and <FONT 
            face=arial,helvetica,verdana color=green size=2>Large 
            Speculators outnumber <FONT face=arial,helvetica,verdana 
            color=red size=2>Small Investors 3 to 1, the fact that 
            they are not replacing the reduced shorts with longs indicates to me 
            that we cannot call this an upward trend just yet. If the 
            Small 
            Investors are driving the price at the moment, it's 
            doubtful to me that they can sustain it long enough to call it a 
            long-term trend change. All things considered, I'm going to remain 
            skeptical until the <FONT face=arial,helvetica,verdana color=green 
            size=2>large speculators begin "confirming" 
            it.
            In summary, having additional information, especially data not 
            specifically tied to price, is an invaluable technical analysis 
            tool and adds "confirmation" to our other analysis. As of 
            today, our trendline is still looking good. Using my current system 
            of entries and exits, on a single contract I made $2700 over 10 
            days. Not bad&#8230;Not bad at 
    all!
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_right.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
  
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_left.png"; 
      width=8 border=0>
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_btm_center.png><IMG 
      height=5 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=1 border=0>
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_right.png"; 
      width=8 border=0>

  
  
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_left.png"; 
      width=8 border=0>
    <TD vAlign=center 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd.png><FONT 
      face=arial,helvetica,verdana color=#026e49 size=3>Upcoming 
      Events
    <IMG height=27 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_right.png"; 
      width=8 border=0>
  
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_left.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
    <IMG height=1 
      src="http://www.tsagroup.com/newsletters/images/buffer.png"; width=675 
      border=0>
      
        
        
          <IMG height=56 
            src="http://www.tsagroup.com/newsletters/images/ontradexpo.jpg"; 
            width=170 border=0>
          <FONT face=arial,helvetica,verdana color=red 
            size=4>We're Coming To New York!
        
          
            The Online Trading 
            Expo is coming to New York February 16th through the 
            19th, 2002. TSAGroup's Robert James Deadman will be a guest 
            speaker at the event, and will be instructing on topics such as 
            designing and analyzing trading systems in MetaStock, amongst 
            others. We encourage you to try to attend, and look forward to 
            meeting you there.
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_ctr_right.png><IMG 
      height=1 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=8 border=0>
  
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_left.png"; 
      width=8 border=0>
    <TD 
    background=http://www.tsagroup.com/newsletters/images/title_bkgd_btm_center.png><IMG 
      height=5 src="http://www.tsagroup.com/newsletters/images/buffer.png"; 
      width=1 border=0>
    <IMG height=5 
      src="http://www.tsagroup.com/newsletters/images/title_bkgd_btm_right.png"; 
      width=8 border=0>

  
  
    
      This is an Opt-In 
      subscription newsletter. If you received it in error, or do not wish to be 
      subscribed any longer, you may unsubscribe by clicking on the following 
      link: <A 
      href="http://www.tsagroup.com/news-unsub.html?sSub=sdugas@xxxxxxxxxxxx";>http://www.tsagroup.com/news-unsub.html?sSub=sdugas@xxxxxxxxxxxx