Buy Date

03/08/90

11/12/90

01/17/91

05/24/91

07/11/91

12/13/91

04/30/92

07/14/92

10/28/92

05/04/93

12/03/93

07/18/94

10/11/94

12/27/94

12/27/95

04/16/96

08/02/96

04/30/97

11/04/97

01/16/98

10/21/98

10/29/99

05/12/00

01/16/01

04/18/01

11/05/01

02/27/02

08/19/02

10/21/02

01/02/03

03/20/03

03/29/04

05/25/04

08/27/04

05/04/05

10/31/05

06/30/06

1st live signal

08/15/06

03/21/07

08/24/07

12/06/07

02/26/08

04/01/08

08/11/08

12/16/08

01/29/09

03/23/09

06/19/09

07/15/09

11/05/09

02/17/09

Sell

Date

08/2/90

01/09/91

05/15/91

06/25/91

11/19/91

01/16/92

06/11/92

10/27/92

04/26/93

11/04/93

03/28/94

10/04/94

11/22/94

12/15/95

4/10/96

06/17/96

03/19/97

10/27/97

01/09/98

07/29/98

10/19/99

04/04/00

09/22/00

02/23/01

06/14/01

01/16/02

04/22/02

09/03/02

12/09/02

01/21/03

03/10/04

04/30/04

07/26/04

04/15/05

08/24/05

05/17/06

08/09/06

02/27/07

08/01/07

11/09/07

01/04/08

03/04/08

06/12/08

09/15/08

01/14/09

02/27/09

06/19/09

07/07/09

10/27/09

02/05/10

03/12/10

Sector Fund Purchased

Biotech

Computers

Hlth. Care

Air Transp.

Telecomm

Hlth. Care

Transport

Energy Svc.

Brokerage

Electronics

Technology

Computer

Software

BC/Media

Software

Financial

Software

Consumer/Stpl

Retail

Electronics

Enviromental

Energy Svcs.

Ind. Eqpt.

Automotive

Ind. Eqpt.

Banks

BC/Media

Comm. Eqpt.

Electronics

Chemical

Natural Res.

Energy Svcs.

Insurance

Brokerage

Consumer/Stpl

BC/Media

Energy Svcs.

Defense

Chemical

Energy Svcs.

Retailing

Air Transport

Medical Eqpt.

Retailing

Brokerage

Insurance

Medical Eqpt.

* Holding

Sector

Fund P/L %

19.86

3.45

30.99

.36

7.86

8.03

.19

9.71

25.10

15.75

5.14

7.43

1.57

48.53

.38

4.75

26.11

13.10

2.94

22.23

101.71

74.34

12.01

2.61

1.72

8.56

1.59

-1.88

5.96

1.55

53.51

1.49

4.81

24.03

7.22

16.62

1.16

14.17

25.28

3.12

-3.45

-.42

18.55

-2.02

2.14

-14.31

12.49

-3.53

18.96

6.33

5.72

YEAR

1990

1991

1992

1993

1994

1995

1996

1997

1998

1999

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

SECTOR FUND %

29.32

48.61

20.64

33.56

19.93

42.54

24.40

28.19

65.51

86.88

51.85

15.67

3.33

55.82

18.54

25.03

26.01

26.52

12.17

15.29

S&P 500

-3.10

30.50

7.60

10.10

1.30

37.60

23.00

33.40

28.70

21.00

-9.10

-11.90

-22.10

28.70

10.90

4.90

15.80

3.53

-38.49

23.45

The performance information below is the results of a major update of the existing computerized model that has been in use for several years. The updated version improves the overall model performance through a refinement of the conditions related to (1)entering the market, (2)fund selection and (3)exiting the market.

* The identity of the fund will be displayed when it is sold.

Note:

Please be aware that hypothetical performance is not a guarantee of future performance. You may lose money as a result of following the investment advice emanating from this website..

Total # Trades

# Winning Trades

% Winning Trades

# Losing Trades

% Losing Trades

Trade Frequency

Maximum Drawdown (DD)

DD = Maximum loss portfolio sustained during any time period

Date of maximum loss

03/02/99