wpe15E.jpg (1914 bytes)  TigerSoft New Service    TigerSoft Blog  - 4/27/2011
            TigerSoft Makes The Stock Market Simple, Easy Safe  Profitable! 

            WHAT COUNTRY IS THE MOST    
        PROFITABLE TO INVEST IN?


       
       PEERLESS TRADING OF NON-US ETFS
                      AND SPY: 1996-2011

                             Using PEERLESS STOCK MARKET TIMING: 1915-2011 

                                  Simply super-impose the automatic Buys and Sells from Tiger's
                    Peerless Stock Market Timing onto the charts EWW (Mexico), EWA (Australia),
                    EWG (Germany), etc.  Tables showing each trade are presented further below.
                    More countries will be added soon.  Please return here and look at our main
                     web page at www.tigersoft.com for more information.

                                  Mexico   -   $1000 becomes $99,947 in 15 yrs.    See more statistics here. 
                                  Australia   -   $1000 becomes $99,947 in 15 yrs.
                                  Hong Kong -  $1000 becomes  $47,094 in 15 years. 
                    France      - $1000 becomes  $13,657 in 15 years
                  
Germany     - $1000 becomes  $13,267 in 15 years
                  
Italy    - $1000 becomes  $13,065 in 15 years
                  
Singapore    - $1000 becomes  $11,666 in 15 years              

                        PEERLESS TRADING OF NON-US ETFS
                      AND SPY: 1996-2011

      
                    Gains here show investment results if one had simply super-imposed the
         automatic Buys and Sells from Tiger's Peerless Stock Market Timing onto the charts
         of  following ETFs from    4/10/1996 to 4/26/2011.  Starting with $1000, one would have
         been fully invested on each reversing Peerless Buy and sold on the next Peerless Sell.
         Commissions and slippage of 2% per round-trip trade were assumed.  When Peerless
         was on a Buy, all the proceeds from the previous sale would have been invested
         in each ETF.  Dividends were conservatively not counted.

                     Mexico and Australia would have been the most profitably traded with
         Peerless.  There would have been no losses of 10% or more. $1000 would have
         rapidly and steadily grown in both cases, reaching $99,947 in 15 years in Mexico
         and $17,004 in Australia.  The EWJ (Japan) performed the worst with the Peerless
         Buys and Sells. By comparison, using the same approach with the US ETF for
         the SPY would have meant $1000 in 1996 would have become about $10,000 in
         2011. 

                  

                   Number             Avg.Gain             $1000 in 1996       Winning   Losing       Biggest     Biggest      No.Trades
                  of Trades           per Trade              becomes           Trades       Trades      Gain          Loss        with Gains >+20%

======================================================================================
EWA            35                     +11.4%           $17,004              27              8             +50.2%     -7.9%          8
Australia
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWG            35                     +10.8%           $13,267              27              8             +49.7%     -18.6%       10
Germany
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWH            35                     +11.3%           $15,054              26              9             +82.3%     -16.8%        9
Hong Kong

--------------------------------------------------------------------------------------------------------------------------------------------------------
EWI              35                     +10.7%           $13,065              27              8             +63.8%     -16.2%        5
Italy
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWJ             35                       +5.2%           $2,073                23             12            +61.8%      -20.9%        4
Japan
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWM            35                       +10.7%         $3,415                20             15          +272.9%     -38.6%        8
Malaysia
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWQ            35                       +10.5%           $13,657              26              8             +43.4%     -10.9%       7
France
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWS             35                      +11.6%           $11,666              24            11            +122.7%     -19.1%      9
Singapore
--------------------------------------------------------------------------------------------------------------------------------------------------------
EWW             35                      +17.7%           $99,947              28            6            +82.5%        -9.4%          15
Mexico
--------------------------------------------------------------------------------------------------------------------------------------------------------


4/5/94-4/26/11
SPY              37                      +10.0%           $14,865              33              3             +43.5%        -4.3%       7
SP-500
-------------------------------------------------------------------------------------------------------------------------------------------------------
 
                                                            EWA  - Australia

Trade                     Dates               Signals                      SPY                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            10.25         3.6%           1016 
1             5/ 29/ 96    SELL           10.62
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            10.06         7.4%           1071 
2             4/ 22/ 97    SELL           10.81
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            11.12        -5.1%           996 
3             9/ 18/ 97    SELL           10.56
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            9.75          7.6%           1052 
4             4/ 21/ 98    SELL           10.5
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            8.12          33.8%          1388 
5             6/ 18/ 99    SELL           10.87
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            10.18         4.9%           1428 
6             12/ 10/ 99   SELL           10.68
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            10.5         -7.9%           1288 
7             4/ 25/ 0     SELL           9.68
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            9.87          .6%            1270 
8             9/ 6/ 0      SELL           9.93
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            9.06          5.5%           1315 
9             12/ 8/ 0     SELL           9.56
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            8.48          16.7%          1509 
10            5/ 17/ 1     SELL           9.9
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            8             20%            1781 
11            2/ 26/ 2     SELL           9.6
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            9.2          -2.2%           1706 
12            10/ 15/ 2    SELL           9
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            9.15          4.9%           1756 
13            1/ 6/ 3      SELL           9.6
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            9.53          30.5%          2257 
14            10/ 15/ 3    SELL           12.44
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            12.68         9.5%           2427 
15            2/ 11/ 4     SELL           13.89
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            12.46         9.7%           2617 
16            9/ 2/ 4      SELL           13.68
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            14.69         14%            2931 
17            12/ 28/ 4    SELL           16.75
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            16.91         32.4%          3825 
18            5/ 5/ 6      SELL           22.4
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            20.13         3%             3866 
19            6/ 30/ 6     SELL           20.75
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            20.16         12.6%          4280 
20            1/ 5/ 7      SELL           22.72
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            23.92         24.5%          5246 
21            7/ 17/ 7     SELL           29.8
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            30.99         6.3%           5475 
22            10/ 15/ 7    SELL           32.96
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            32.13        -.2%            5357 
23            12/ 6/ 7     SELL           32.08
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            25.22         1.1%           5313 
24            3/ 24/ 8     SELL           25.52
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            25.47         3.8%           5413 
25            7/ 23/ 8     SELL           26.46
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            20.66         9.7%           5834 
26            9/ 22/ 8     SELL           22.68
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            15.96        -1.8%           5615 
27            10/ 21/ 8    SELL           15.68
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            12.37         16.4%          6429 
28            1/ 6/ 9      SELL           14.41
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            12.17        -3.3%           6095 
29            1/ 29/ 9     SELL           11.78
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            11.41        -1.7%           5871 
30            2/ 27/ 9     SELL           11.22
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            11.65         46%            8460 
31            6/ 9/ 9      SELL           17.02
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            16.03         50.2%          12545 
32            10/ 21/ 9    SELL           24.09
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            23.96         .6%            12373 
33            11/ 13/ 9    SELL           24.11
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            22.04        -4.4%           11592 
34            6/ 16/ 10    SELL           21.09
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            18.98         48.6%          17004 
35            4/ 26/ 11    SELL           28.22
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
N= 35  Avg.Gain= 11.4   $1000 becomes  17004

                                                          EWG - Germany

Trade                     Dates               Signals                     EWG                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            13.43        -2.4%           956 
1             5/ 29/ 96    SELL           13.12
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            13.25         13.6%          1068 
2             4/ 22/ 97    SELL           15.06
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            16.18         4.2%           1092 
3             9/ 18/ 97    SELL           16.87
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            16.62         33.4%          1436 
4             4/ 21/ 98    SELL           22.18
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            18.12         18.6%          1675 
5             6/ 18/ 99    SELL           21.5
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            21.56         8.9%           1792 
6             12/ 10/ 99   SELL           23.5
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            27.68        -9.5%           1587 
7             4/ 25/ 0     SELL           25.06
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            24.37        -15.4%          1311 
8             9/ 6/ 0      SELL           20.62
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            18.18         4.5%           1344 
9             12/ 8/ 0     SELL           19
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            15.95         8.4%           1431 
10            5/ 17/ 1     SELL           17.3
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            12.05         15.6%          1625 
11            2/ 26/ 2     SELL           13.93
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            12.14        -18.6%          1291 
12            10/ 15/ 2    SELL           9.89
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            10.3          6.2%           1346 
13            1/ 6/ 3      SELL           10.94
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            9.94          36.8%          1815 
14            10/ 15/ 3    SELL           13.6
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            14.1          22.2%          2183 
15            2/ 11/ 4     SELL           17.24
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            14.8          3.2%           2210 
16            9/ 2/ 4      SELL           15.28
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            15.78         18.3%          2572 
17            12/ 28/ 4    SELL           18.68
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            17.75         40.5%          3562 
18            5/ 5/ 6      SELL           24.94
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            21.74         5.5%           3688 
19            6/ 30/ 6     SELL           22.94
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            21.37         24.3%          4511 
20            1/ 5/ 7      SELL           26.57
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            26.83         27.6%          5671 
21            7/ 17/ 7     SELL           34.26
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            34.05         3.2%           5742 
22            10/ 15/ 7    SELL           35.16
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            35.28         2.3%           5764 
23            12/ 6/ 7     SELL           36.12
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            30.26         2.2%           5780 
24            3/ 24/ 8     SELL           30.95
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            29.04         2.1%           5786 
25            7/ 23/ 8     SELL           29.65
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            24.82         4.1%           5908 
26            9/ 22/ 8     SELL           25.84
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            19.51        -9.3%           5242 
27            10/ 21/ 8    SELL           17.7
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            15.17         24.6%          6429 
28            1/ 6/ 9      SELL           18.91
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            15.67         .8%            6358 
29            1/ 29/ 9     SELL           15.81
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            14.65        -8%             5727 
30            2/ 27/ 9     SELL           13.49
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            14.21         35.7%          7660 
31            6/ 9/ 9      SELL           19.29
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            17.62         30.7%          9864 
32            10/ 21/ 9    SELL           23.04
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            22.63        -.7%            9606 
33            11/ 13/ 9    SELL           22.49
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            20.86        -3.9%           9040 
34            6/ 16/ 10    SELL           20.05
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            18.71         48.7%          13266 
35            4/ 21/ 11    SELL           27.83
---------------------------------------------------------------------------------
------------------------------------------------------------------------
N= 35  Avg.Gain= 10.8   $1000 becomes  13267


                                                                   EWH  - Hong Kong

Trade                     Dates               Signals                      EWH                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            13.5          3.1%           1011 
1             5/ 29/ 96    SELL           13.93
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            13.12         6.7%           1059 
2             4/ 22/ 97    SELL           14
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            15.18         2.8%           1069 
3             9/ 18/ 97    SELL           15.62
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            12.62        -16.8%          868 
4             4/ 21/ 98    SELL           10.5
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            6.75          82.3%          1565 
5             6/ 18/ 99    SELL           12.31
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            11.43         26.2%          1945 
6             12/ 10/ 99   SELL           14.43
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            13.25        -6.7%           1777 
7             4/ 25/ 0     SELL           12.37
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            12.25         10.6%          1931 
8             9/ 6/ 0      SELL           13.56
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            11.25         2.7%           1946 
9             12/ 8/ 0     SELL           11.56
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            10.72         3.4%           1974 
10            5/ 17/ 1     SELL           11.09
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            7.4           16.7%          2265 
11            2/ 26/ 2     SELL           8.64
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            8.45         -9.5%           2006 
12            10/ 15/ 2    SELL           7.65
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            7.74         -1.5%           1937 
13            1/ 6/ 3      SELL           7.63
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            7.47          35.3%          2583 
14            10/ 15/ 3    SELL           10.11
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            10.17         11.7%          2836 
15            2/ 11/ 4     SELL           11.37
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            9.07          22.8%          3427 
16            9/ 2/ 4      SELL           11.14
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            10.87         11.5%          3756 
17            12/ 28/ 4    SELL           12.13
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            11.79         24.4%          4598 
18            5/ 5/ 6      SELL           14.67
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            13.05         3.6%           4672 
19            6/ 30/ 6     SELL           13.52
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            13.2          20.2%          5523 
20            1/ 5/ 7      SELL           15.87
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            15.3          17.9%          6405 
21            7/ 17/ 7     SELL           18.05
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            20.78         4.6%           6576 
22            10/ 15/ 7    SELL           21.75
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            22.6          5.7%           6820 
23            12/ 6/ 7     SELL           23.89
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            17.47        -.5%            6656 
24            3/ 24/ 8     SELL           17.4
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            16.75         2.8%           6714 
25            7/ 23/ 8     SELL           17.23
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            14.16        -1%             6513 
26            9/ 22/ 8     SELL           14.02
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            11.48        -6.3%           5975 
27            10/ 21/ 8    SELL           10.76
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            9.49          15.8%          6800 
28            1/ 6/ 9      SELL           10.99
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            9.95         -1.5%           6568 
29            1/ 29/ 9     SELL           9.81
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            9.42          2.1%           6576 
30            2/ 27/ 9     SELL           9.62
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            9.46          48.4%          9628 
31            6/ 9/ 9      SELL           14.04
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            13.08         24.8%          11828 
32            10/ 21/ 9    SELL           16.33
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            16.23        -1%             11482 
33            11/ 13/ 9    SELL           16.08
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            14.85         3.5%           11663 
34            6/ 16/ 10    SELL           15.38
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            14.77         31%            15054 
35            4/ 26/ 11    SELL           19.36
---------------------------------------------------------------------------------
------------------------------------------------------------------------
N= 35  Avg.Gain= 11.3   $1000 becomes  15054


                                                                 EWI   -  Italy

Trade                     Dates               Signals                    EWI                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            14.06         9.3%           1073 
1             5/ 29/ 96    SELL           15.37
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            15.06         2%             1073 
2             4/ 22/ 97    SELL           15.37
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            15.5          16.1%          1225 
3             9/ 18/ 97    SELL           18
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            17.62         63.8%          1983 
4             4/ 21/ 98    SELL           28.87
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            20.93         17.6%          2293 
5             6/ 18/ 99    SELL           24.62
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            22.31         3.3%           2324 
6             12/ 10/ 99   SELL           23.06
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            25.31        -7%             2117 
7             4/ 25/ 0     SELL           23.56
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            23           -3.9%           1994 
8             9/ 6/ 0      SELL           22.12
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            20.62         5.7%           2069 
9             12/ 8/ 0     SELL           21.81
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            18.54         6.7%           2168 
10            5/ 17/ 1     SELL           19.8
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            14            7.7%           2292 
11            2/ 26/ 2     SELL           15.08
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            14.1         -.8%            2228 
12            10/ 15/ 2    SELL           13.99
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            14.1          10.2%          2411 
13            1/ 6/ 3      SELL           15.54
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            14.41         26.3%          2997 
14            10/ 15/ 3    SELL           18.2
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            18.07         16.9%          3445 
15            2/ 11/ 4     SELL           21.13
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            19.42         5.9%           3580 
16            9/ 2/ 4      SELL           20.57
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            21.76         18.1%          4159 
17            12/ 28/ 4    SELL           25.71
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            25.1          19.6%          4894 
18            5/ 5/ 6      SELL           30.04
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            28.03         4.3%           5009 
19            6/ 30/ 6     SELL           29.25
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            27.71         18.7%          5849 
20            1/ 5/ 7      SELL           32.91
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            32.1          11.6%          6415 
21            7/ 17/ 7     SELL           35.85
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            34.53         2.8%           6467 
22            10/ 15/ 7    SELL           35.5
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            34.82         2.9%           6531 
23            12/ 6/ 7     SELL           35.86
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            28.85        -1.8%           6285 
24            3/ 24/ 8     SELL           28.34
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            26.53         1.3%           6242 
25            7/ 23/ 8     SELL           26.88
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            22.74         3.5%           6337 
26            9/ 22/ 8     SELL           23.54
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            17.64        -4.2%           5948 
27            10/ 21/ 8    SELL           16.91
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            14.51         13.9%          6657 
28            1/ 6/ 9      SELL           16.53
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            14.11        -1.5%           6425 
29            1/ 29/ 9     SELL           13.9
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            12.66        -7.2%           5840 
30            2/ 27/ 9     SELL           11.76
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            11.13         54%            8882 
31            6/ 9/ 9      SELL           17.15
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            15.74         35.3%          11842 
32            10/ 21/ 9    SELL           21.3
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            20.61         0%             11605 
33            11/ 13/ 9    SELL           20.61
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            18.36        -16.2%          9502 
34            6/ 16/ 10    SELL           15.4
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            13.8          39.4%          13064 
35            4/ 26/ 11    SELL           19.25
---------------------------------------------------------------------------------
------------------------------------------------------------------------
N= 35  Avg.Gain= 10.7   $1000 becomes  13065


                                                              EWJ  -  Japan

Trade                     Dates               Signals                     EWJ                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            15.62         0%             980 
1             5/ 29/ 96    SELL           15.62
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            15           -20.9%          755 
2             4/ 22/ 97    SELL           11.87
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            12.93        -4.8%           704 
3             9/ 18/ 97    SELL           12.31
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            11.56        -11.4%          610 
4             4/ 21/ 98    SELL           10.25
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            7.68          61.8%          976 
5             6/ 18/ 99    SELL           12.43
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            14.31         7.4%           1028 
6             12/ 10/ 99   SELL           15.37
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            16           -2.1%           987 
7             4/ 25/ 0     SELL           15.68
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            15.18        -10.3%          866 
8             9/ 6/ 0      SELL           13.62
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            12.68        -6.9%           789 
9             12/ 8/ 0     SELL           11.81
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            10.48         5.6%           818 
10            5/ 17/ 1     SELL           11.07
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            8.46         -14.1%          686 
11            2/ 26/ 2     SELL           7.27
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            8.36         -14.6%          572 
12            10/ 15/ 2    SELL           7.14
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            6.84          5.2%           591 
13            1/ 6/ 3      SELL           7.2
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            7.1           33.8%          779 
14            10/ 15/ 3    SELL           9.5
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            9.33          3.1%           788 
15            2/ 11/ 4     SELL           9.62
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            9.19          9.2%           845 
16            9/ 2/ 4      SELL           10.04
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            9.7           11.5%          926 
17            12/ 28/ 4    SELL           10.82
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            10.2          51%            1380 
18            5/ 5/ 6      SELL           15.41
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            13.05         4.5%           1415 
19            6/ 30/ 6     SELL           13.64
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            12.57         11.2%          1546 
20            1/ 5/ 7      SELL           13.98
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            14.45         1.5%           1538 
21            7/ 17/ 7     SELL           14.67
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            13.91         3.1%           1556 
22            10/ 15/ 7    SELL           14.35
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            13.68         5.1%           1605 
23            12/ 6/ 7     SELL           14.38
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            12.04         3.1%           1623 
24            3/ 24/ 8     SELL           12.42
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            12.24         .4%            1599 
25            7/ 23/ 8     SELL           12.3
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            10.75         1.5%           1592 
26            9/ 22/ 8     SELL           10.92
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            8.87          2.4%           1600 
27            10/ 21/ 8    SELL           9.09
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            8.28          12.3%          1765 
28            1/ 6/ 9      SELL           9.3
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            8.8          -1.9%           1697 
29            1/ 29/ 9     SELL           8.64
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            7.77         -5.2%           1576 
30            2/ 27/ 9     SELL           7.37
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            7.24          29.9%          2017 
31            6/ 9/ 9      SELL           9.41
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            9.28          6.6%           2111 
32            10/ 21/ 9    SELL           9.9
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            9.73         -1.6%           2037 
33            11/ 13/ 9    SELL           9.58
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            10.17        -4.8%           1900 
34            6/ 16/ 10    SELL           9.69
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            9.2           11%            2072 
35            4/ 26/ 11    SELL           10.22
---------------------------------------------------------------------------------
------------------------------------------------------------------------
N= 35  Avg.Gain= 5.2   $1000 becomes  2073

                                                              EWMMalaysia

 

Trade                     Dates               Signals                      EWM                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            13.62         2.7%           1007 
1             5/ 29/ 96    SELL           14
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            14           -2.8%           960 
2             4/ 22/ 97    SELL           13.62
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            13.43        -38.6%          570 
3             9/ 18/ 97    SELL           8.25
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            6.62         -19.8%          446 
4             4/ 21/ 98    SELL           5.31
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            1.81          272.9%         1655 
5             6/ 18/ 99    SELL           6.75
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            5.06          8.6%           1766 
6             12/ 10/ 99   SELL           5.5
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            8            -23.5%          1316 
7             4/ 25/ 0     SELL           6.12
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            6.31         -11%            1145 
8             9/ 6/ 0      SELL           5.62
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            5.62         -2.2%           1098 
9             12/ 8/ 0     SELL           5.5
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            4.85         -17.4%          886 
10            5/ 17/ 1     SELL           4.01
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            4.41          22.4%          1067 
11            2/ 26/ 2     SELL           5.4
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            5.75         -12.9%          908 
12            10/ 15/ 2    SELL           5.01
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            5.31         -5.1%           844 
13            1/ 6/ 3      SELL           5.04
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            5.32          21%            1005 
14            10/ 15/ 3    SELL           6.44
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            6.78         -1.8%           967 
15            2/ 11/ 4     SELL           6.66
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            6.08          10.6%          1051 
16            9/ 2/ 4      SELL           6.73
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            6.67          7.1%           1106 
17            12/ 28/ 4    SELL           7.15
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            6.76          18.1%          1285 
18            5/ 5/ 6      SELL           7.99
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            7.2           1.2%           1275 
19            6/ 30/ 6     SELL           7.29
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            7.22          28.8%          1617 
20            1/ 5/ 7      SELL           9.3
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            9.64          24.2%          1977 
21            7/ 17/ 7     SELL           11.98
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            11.82         3.6%           2010 
22            10/ 15/ 7    SELL           12.25
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            12.7          3.1%           2033 
23            12/ 6/ 7     SELL           13.1
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            12.02        -5.8%           1876 
24            3/ 24/ 8     SELL           11.33
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            9.9           2.3%           1882 
25            7/ 23/ 8     SELL           10.13
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            8.59          .6%            1857 
26            9/ 22/ 8     SELL           8.65
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            8            -7.5%           1681 
27            10/ 21/ 8    SELL           7.4
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            7.04          8.2%           1785 
28            1/ 6/ 9      SELL           7.62
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            7.08         -1.3%           1727 
29            1/ 29/ 9     SELL           6.99
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            7.03         -.6%            1683 
30            2/ 27/ 9     SELL           6.99
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            6.76          32.2%          2192 
31            6/ 9/ 9      SELL           8.94
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            8.49          27.7%          2757 
32            10/ 21/ 9    SELL           10.85
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            11.04        -.4%            2692 
33            11/ 13/ 9    SELL           11
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            10.81         6.6%           2818 
34            6/ 16/ 10    SELL           11.53
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            11.44         23.1%          3414 
35            4/ 26/ 11    SELL           14.09
---------------------------------------------------------------------------------
------------------------------------------------------------------------
N= 35  Avg.Gain= 10.7   $1000 becomes  3415


                                                                      EWQ - France

 

Trade                     Dates               Signals                     EWQ                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            13.31         0%             980 
1             5/ 29/ 96    SELL           13.31
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            13.43         4.6%           1006 
2             4/ 22/ 97    SELL           14.06
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            14.87         4.6%           1032 
3             9/ 18/ 97    SELL           15.56
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            14.56         36.4%          1388 
4             4/ 21/ 98    SELL           19.87
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            17.12         31.4%          1797 
5             6/ 18/ 99    SELL           22.5
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            23.37         11.7%          1973 
6             12/ 10/ 99   SELL           26.12
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            28.5         -5.6%           1825 
7             4/ 25/ 0     SELL           26.93
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            26.25         1.4%           1814 
8             9/ 6/ 0      SELL           26.62
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            23.25         .7%            1792 
9             12/ 8/ 0     SELL           23.43
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            19.69         11.8%          1968 
10            5/ 17/ 1     SELL           22.02
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            16.55         5.6%           2039 
11            2/ 26/ 2     SELL           17.48
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            14.89        -3%             1938 
12            10/ 15/ 2    SELL           14.45
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            14.55         7.2%           2040 
13            1/ 6/ 3      SELL           15.61
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            14.23         27.5%          2562 
14            10/ 15/ 3    SELL           18.15
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            18.17         18.7%          2990 
15            2/ 11/ 4     SELL           21.57
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            19.6          6.1%           3113 
16            9/ 2/ 4      SELL           20.8
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            21.05         14%            3488 
17            12/ 28/ 4    SELL           24
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            23.95         30.4%          4481 
18            5/ 5/ 6      SELL           31.25
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            28.43         5.3%           4631 
19            6/ 30/ 6     SELL           29.95
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            28.01         20%            5469 
20            1/ 5/ 7      SELL           33.64
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            33.2          19.4%          6422 
21            7/ 17/ 7     SELL           39.65
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            37.86         2.9%           6486 
22            10/ 15/ 7    SELL           38.99
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            38.57         2.6%           6526 
23            12/ 6/ 7     SELL           39.58
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            33.2          2%             6529 
24            3/ 24/ 8     SELL           33.88
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            31.43         2%             6531 
25            7/ 23/ 8     SELL           32.07
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            27.51         3.7%           6643 
26            9/ 22/ 8     SELL           28.53
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            21.84        -5.7%           6133 
27            10/ 21/ 8    SELL           20.6
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            17.4          20.6%          7276 
28            1/ 6/ 9      SELL           20.99
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            17.77        -.5%            7097 
29            1/ 29/ 9     SELL           17.69
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            16.63        -5.5%           6571 
30            2/ 27/ 9     SELL           15.73
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            16.23         35.1%          8752 
31            6/ 9/ 9      SELL           21.94
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            20.26         31.5%          11341 
32            10/ 21/ 9    SELL           26.66
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            26.53        -.3%            11085 
33            11/ 13/ 9    SELL           26.46
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            24.56        -10.9%          9658 
34            6/ 16/ 10    SELL           21.89
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            19.56         43.4%          13657 
35            4/ 26/ 11    SELL           28.05
---------------------------------------------------------------------------------
------------------------------------------------------------------------
N= 35  Avg.Gain= 10.5   $1000 becomes  13657

                                                                  EWS - Singapore

 

Trade                     Dates               Signals                    EWS                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 10/ 96    BUY            12.5         -4.1%           940 
1             5/ 29/ 96    SELL           12
---------------------------------------------------------------------------------
2             7/ 11/ 96    BUY            11.62        -6%             865 
2             4/ 22/ 97    SELL           10.93
---------------------------------------------------------------------------------
3             5/ 9/ 97     BUY            11.12        -19.1%          683 
3             9/ 18/ 97    SELL           9
---------------------------------------------------------------------------------
4             10/ 28/ 97   BUY            7.87         -19.1%          539 
4             4/ 21/ 98    SELL           6.37
---------------------------------------------------------------------------------
5             10/ 1/ 98    BUY            3.56          122.7%         1190 
5             6/ 18/ 99    SELL           7.93
---------------------------------------------------------------------------------
6             10/ 4/ 99    BUY            7.87          15.8%          1355 
6             12/ 10/ 99   SELL           9.12
---------------------------------------------------------------------------------
7             2/ 4/ 0      BUY            8.25         -10%            1193 
7             4/ 25/ 0     SELL           7.43
---------------------------------------------------------------------------------
8             5/ 3/ 0      BUY            7.25          2.4%           1199 
8             9/ 6/ 0      SELL           7.43
---------------------------------------------------------------------------------
9             10/ 20/ 0    BUY            6.56          2.8%           1210 
9             12/ 8/ 0     SELL           6.75
---------------------------------------------------------------------------------
10            3/ 23/ 1     BUY            5.53         -1.7%           1166 
10            5/ 17/ 1     SELL           5.44
---------------------------------------------------------------------------------
11            9/ 19/ 1     BUY            4.28          23.8%          1421 
11            2/ 26/ 2     SELL           5.3
---------------------------------------------------------------------------------
12            7/ 24/ 2     BUY            5.3          -15.3%          1175 
12            10/ 15/ 2    SELL           4.49
---------------------------------------------------------------------------------
13            11/ 13/ 2    BUY            4.59         -4.4%           1100 
13            1/ 6/ 3      SELL           4.39
---------------------------------------------------------------------------------
14            1/ 22/ 3     BUY            4.43          36.5%          1481 
14            10/ 15/ 3    SELL           6.05
---------------------------------------------------------------------------------
15            11/ 3/ 3     BUY            6.08          8.2%           1573 
15            2/ 11/ 4     SELL           6.58
---------------------------------------------------------------------------------
16            5/ 18/ 4     BUY            5.78          16.2%          1797 
16            9/ 2/ 4      SELL           6.72
---------------------------------------------------------------------------------
17            10/ 14/ 4    BUY            6.61          7.8%           1903 
17            12/ 28/ 4    SELL           7.13
---------------------------------------------------------------------------------
18            4/ 21/ 5     BUY            7.3           32%            2475 
18            5/ 5/ 6      SELL           9.64
---------------------------------------------------------------------------------
19            6/ 15/ 6     BUY            8.45          4.1%           2528 
19            6/ 30/ 6     SELL           8.8
---------------------------------------------------------------------------------
20            7/ 18/ 6     BUY            8.34          35.2%          3369 
20            1/ 5/ 7      SELL           11.28
---------------------------------------------------------------------------------
21            3/ 2/ 7      BUY            11.36         24.4%          4126 
21            7/ 17/ 7     SELL           14.14
---------------------------------------------------------------------------------
22            9/ 25/ 7     BUY            14.44         7.6%           4357 
22            10/ 15/ 7    SELL           15.54
---------------------------------------------------------------------------------
23            11/ 14/ 7    BUY            14.31         3.9%           4441 
23            12/ 6/ 7     SELL           14.87
---------------------------------------------------------------------------------
24            3/ 7/ 8      BUY            11.77         7%             4665 
24            3/ 24/ 8     SELL           12.6
---------------------------------------------------------------------------------
25            7/ 8/ 8      BUY            12.4          2.6%           4696 
25            7/ 23/ 8     SELL           12.73
---------------------------------------------------------------------------------
26            9/ 15/ 8     BUY            10.02         3.6%           4776 
26            9/ 22/ 8     SELL           10.39
---------------------------------------------------------------------------------
27            10/ 8/ 8     BUY            8.14         -7.9%           4305 
27            10/ 21/ 8    SELL           7.5
---------------------------------------------------------------------------------
28            11/ 21/ 8    BUY            6.5           13.5%          4801 
28            1/ 6/ 9      SELL           7.38
---------------------------------------------------------------------------------
29            1/ 21/ 9     BUY            6.59         -.5%            4683 
29            1/ 29/ 9     SELL           6.56
---------------------------------------------------------------------------------
30            2/ 17/ 9     BUY            5.95         -3.6%           4424 
30            2/ 27/ 9     SELL           5.74
---------------------------------------------------------------------------------
31            3/ 12/ 9     BUY            5.58          66.6%          7286 
31            6/ 9/ 9      SELL           9.3
---------------------------------------------------------------------------------
32            6/ 23/ 9     BUY            8.59          27.5%          9150 
32            10/ 21/ 9    SELL           10.96
---------------------------------------------------------------------------------
33            11/ 9/ 9     BUY            11.21         .3%            9000 
33            11/ 13/ 9    SELL           11.25
---------------------------------------------------------------------------------
34            1/ 22/ 10    BUY            11.06         4.7%           9243 
34            6/ 16/ 10    SELL           11.58
---------------------------------------------------------------------------------
35            6/ 30/ 10    BUY            11.24         28.2%          11665 
35            4/ 26/ 11    SELL           14.41
---------------------------------------------------------------------------------
-----------------------------------------------------------------------------
N= 35  Avg.Gain= 11.6   $1000 becomes  11666

                                                                 SPY - SP-500

 

Trade                     Dates               Signals                      SPY                Pct. Gain                   $1000
                                                                                                                                         Becomes
---------------------------------------------------------------------------------------------------------------------------------------------------------

1             4/ 5/ 94     BUY            44.81         4.7%           1027 
1             10/ 17/ 94   SELL           46.95
---------------------------------------------------------------------------------
2             12/ 1/ 94    BUY            45.14         43.5%          1454 
2             2/ 27/ 96    SELL           64.79
---------------------------------------------------------------------------------
3             4/ 10/ 96    BUY            63            6.3%           1518 
3             5/ 29/ 96    SELL           67.03
---------------------------------------------------------------------------------
4             7/ 11/ 96    BUY            64.51         20.4%          1799 
4             4/ 22/ 97    SELL           77.73
---------------------------------------------------------------------------------
5             5/ 9/ 97     BUY            82.62         15.2%          2037 
5             9/ 18/ 97    SELL           95.21
---------------------------------------------------------------------------------
6             10/ 28/ 97   BUY            92.21         22.3%          2449 
6             4/ 21/ 98    SELL           112.78
---------------------------------------------------------------------------------
7             10/ 1/ 98    BUY            98.81         35.9%          3280 
7             6/ 18/ 99    SELL           134.31
---------------------------------------------------------------------------------
8             10/ 4/ 99    BUY            130.75        8.5%           3493 
8             12/ 10/ 99   SELL           141.87
---------------------------------------------------------------------------------
9             2/ 4/ 0      BUY            142.59        3.8%           3560 
9             4/ 25/ 0     SELL           148.15
---------------------------------------------------------------------------------
10            5/ 3/ 0      BUY            140.75        6.2%           3712 
10            9/ 6/ 0      SELL           149.56
---------------------------------------------------------------------------------
11            10/ 20/ 0    BUY            139.9        -4.3%           3478 
11            12/ 8/ 0     SELL           133.96
---------------------------------------------------------------------------------
12            3/ 23/ 1     BUY            114.48        12.8%          3856 
12            5/ 17/ 1     SELL           129.15
---------------------------------------------------------------------------------
13            9/ 19/ 1     BUY            101.95        9%             4131 
13            2/ 26/ 2     SELL           111.22
---------------------------------------------------------------------------------
14            7/ 24/ 2     BUY            84.72         4.6%           4242 
14            10/ 15/ 2    SELL           88.7
---------------------------------------------------------------------------------
15            11/ 13/ 2    BUY            89.05         4.3%           4344 
15            1/ 6/ 3      SELL           92.96
---------------------------------------------------------------------------------
16            1/ 22/ 3     BUY            88.17         19%            5081 
16            10/ 15/ 3    SELL           104.99
---------------------------------------------------------------------------------
17            11/ 3/ 3     BUY            105.99        9.5%           5464 
17            2/ 11/ 4     SELL           116.07
---------------------------------------------------------------------------------
18            5/ 18/ 4     BUY            109.65        2.6%           5499 
18            9/ 2/ 4      SELL           112.58
---------------------------------------------------------------------------------
19            10/ 14/ 4    BUY            110.64        9.5%           5911 
19            12/ 28/ 4    SELL           121.18
---------------------------------------------------------------------------------
20            4/ 21/ 5     BUY            116.01        14.2%          6634 
20            5/ 5/ 6      SELL           132.52
---------------------------------------------------------------------------------
21            6/ 15/ 6     BUY            126.12        .8%            6559 
21            6/ 30/ 6     SELL           127.23
---------------------------------------------------------------------------------
22            7/ 18/ 6     BUY            123.97        13.3%          7307 
22            1/ 5/ 7      SELL           140.54
---------------------------------------------------------------------------------
23            3/ 2/ 7      BUY            138.67        11.5%          8010 
23            7/ 17/ 7     SELL           154.75
---------------------------------------------------------------------------------
24            9/ 25/ 7     BUY            151.39        2.3%           8045 
24            10/ 15/ 7    SELL           155.01
---------------------------------------------------------------------------------
25            11/ 14/ 7    BUY            147.67        2.2%           8064 
25            12/ 6/ 7     SELL           150.94
---------------------------------------------------------------------------------
26            3/ 7/ 8      BUY            129.71        3.8%           8214 
26            3/ 24/ 8     SELL           134.72
---------------------------------------------------------------------------------
27            7/ 8/ 8      BUY            127.24        .7%            8108 
27            7/ 23/ 8     SELL           128.17
---------------------------------------------------------------------------------
28            9/ 15/ 8     BUY            120.09        1%             8033 
28            9/ 22/ 8     SELL           121.31
---------------------------------------------------------------------------------
29            10/ 8/ 8     BUY            97.51        -1.7%           7737 
29            10/ 21/ 8    SELL           95.86
---------------------------------------------------------------------------------
30            11/ 21/ 8    BUY            79.52         17.5%          8939 
30            1/ 6/ 9      SELL           93.47
---------------------------------------------------------------------------------
31            1/ 21/ 9     BUY            84.05         .5%            8814 
31            1/ 29/ 9     SELL           84.55
---------------------------------------------------------------------------------
32            2/ 17/ 9     BUY            79.22        -6.7%           8049 
32            2/ 27/ 9     SELL           73.93
---------------------------------------------------------------------------------
33            3/ 12/ 9     BUY            75.5          25.3%          9928 
33            6/ 9/ 9      SELL           94.64
---------------------------------------------------------------------------------
34            6/ 23/ 9     BUY            89.35         21.1%          11825 
34            10/ 21/ 9    SELL           108.23
---------------------------------------------------------------------------------
35            11/ 9/ 9     BUY            109.57        0%             11599 
35            11/ 13/ 9    SELL           109.62
---------------------------------------------------------------------------------
36            1/ 22/ 10    BUY            109.21        2.5%           11654 
36            6/ 16/ 10    SELL           111.96
---------------------------------------------------------------------------------
37            6/ 30/ 10    BUY            103.22        29.6%          14865 
37            4/ 21/ 11    SELL           133.78
---------------------------------------------------------------------------------
---------------------------------------------------------------------------------
N= 37  Avg.Gain= 10.0%   $1000 becomes  14865