Dear Shyam,

I hope this letter finds you and your family healthy and happy.

I have delayed sending you my feedback on past performance of Vjyotish Indices for the Dow Jones because I wanted to observe it and study it more. At this time, I can say these things with quite some certainty about it:

1. It is indeed quite accurate in predicting changes in the general trend. As you say in your notes on the graphical charts, "If it were going “UP” previously, it will start a descend from turning point date and if it was falling previously, it may start climbing after the date of indicated turning point. "

2. It also seems to be quite reliable in predicting the general magnitude of Dow Jones changes. That is, if the deviation of the Vjyotish index from zero is small, then the Dow Jones is not likely to go "up" or "down" by any significant amount. However, if the Vjyotish Index moves from a period of relatively small magnitude values (positive or negative) to a period of large magnitude values, then I usually see the Dow Jones move into a period of higher volatility, or in other words, higher magnitude changes.

3. I have not been able to correlate the sign of the Vjyotish Index (positive or negative) with a positive or negative trend in the Dow. In other words, if the Vjyotish Index is positive, that does not seem to indicate any increased chance that the Dow will move in the upward direction.

I will keep you informed of any more observations I make. I still have plans to use a computer to find predictive patterns in the Vjyotish Indices combined with other factors, but I haven't had a chance to implement those plans yet.

One last note: This month (April) is the last month for which I have graphical representations of the Vjyotish Indices, which I am finding quite useful. Please alert your "Staff" that I will be needing the next six months soon, and tell them "hello" from Conan. Please also give my regards to Pandit-ji.

Namaste,

Conan