1st Choice Next Day Trades Using a 1.0 Beta Nasdaq-100 Index Fund

January 1987 Through December 2004

Nas-100

1ST

CHOICE

DATE

VALUE

POSITION

GAIN

VALUE

-----------------------------------------------------------------------------------------------------------

1/2/1987

142.86

Buy

$142.86

3/10/1987

185.31

Sell

29.71%

$185.31

3/12/1987

183.16

Buy

1.16%

$187.46

3/19/1987

189.82

Sell

3.64%

$194.28

4/27/1987

181.26

Cash

4.51%

$203.04

4/30/1987

185.83

Buy

0.08%

$203.20

5/4/1987

189.74

Sell

2.10%

$207.47

6/17/1987

192.37

Buy

-1.39%

$204.60

7/28/1987

194.73

Sell

1.23%

$207.11

10/27/1987

131.21

Cash

32.62%

$274.66

11/3/1987

147.95

Sell

0.15%

$275.08

11/18/1987

141.06

Buy

4.66%

$287.89

1987 Nas-100: +9.4% 1st Choice Timing: +123.2%

2/26/1988

172.64

Sell

22.39%

$352.34

3/14/1988

178.32

Buy

-3.29%

$340.75

11/2/1988

174.25

Sell

-2.28%

$332.97

11/18/1988

163.82

Buy

5.99%

$352.90

1988 Nas-100: +13.5% 1st Choice Timing: +19.8%

8/4/1989

218.76

Sell

33.54%

$471.26

8/9/1989

217.42

Buy

0.61%

$474.14

8/31/1989

223.51

Sell

2.80%

$487.42

9/8/1989

222.96

Buy

0.25%

$488.62

10/11/1989

234.54

Sell

5.19%

$514.00

10/26/1989

218.84

Cash

6.69%

$548.41

10/31/1989

223.31

Buy

0.10%

$548.96

11/3/1989

215.18

Sell

-3.64%

$528.98

11/20/1989

222.76

Buy

-3.52%

$510.34

1989 Nas-100: +26.2% 1st Choice Timing: +34.2%

4/11/1990

216.04

Sell

-3.02%

$494.95

4/20/1990

205.63

Buy

4.82%

$518.80

7/17/1990

238.22

Sell

15.85%

$601.02

9/6/1990

191.8

Buy

19.49%

$718.13

9/11/1990

192.35

Sell

0.29%

$720.19

10/1/1990

184.92

Buy

3.86%

$748.01

10/19/1990

178.57

Sell

-3.43%

$722.33

10/26/1990

171.76

Buy

3.81%

$749.87

11/2/1990

180.46

Sell

5.07%

$787.86

11/19/1990

183.32

Buy

-1.58%

$775.37

1990 Nas-100: -10.4% 1st Choice Timing: +65.4%

1/4/1991

192.35

Sell

4.93%

$813.56

1/14/1991

195.34

Buy

-1.55%

$800.92

5/9/1991

268.71

Sell

37.56%

$1,101.74

6/25/1991

252.45

Buy

6.05%

$1,168.41

1991 Nas-100: +65.0% 1st Choice Timing: +80.5%

2/25/1992

347.81

Sell

37.77%

$1,609.76

3/12/1992

336.47

Cash

3.26%

$1,662.25

3/19/1992

340.86

Sell

0.09%

$1,663.69

4/13/1992

320.55

Buy

5.96%

$1,762.82

4/15/1992

319.23

Sell

-0.41%

$1,755.56

4/27/1992

294.62

Buy

7.71%

$1,890.90

5/4/1992

314.77

Sell

6.84%

$2,020.22

6/23/1992

295.29

Buy

6.19%

$2,145.25

1992 Nas-100: +8.9% 1st Choice Timing: +70.9%

3/19/1993

349.42

Sell

18.33%

$2,538.49

4/8/1993

349.01

Buy

0.12%

$2,541.47

7/16/1993

349.06

Sell

0.01%

$2,541.84

8/11/1993

359.4

Buy

-2.96%

$2,466.54

11/2/1993

387.93

Sell

7.94%

$2,662.34

11/18/1993

380.57

Buy

1.90%

$2,712.85

1993 S&P 500: +10.6% 1st Choice Timing +8.5%

3/22/1994

410.5

Sell

7.86%

$2,926.20

4/8/1994

383.85

Buy

6.49%

$3,116.18

9/14/1994

407.1

Sell

6.06%

$3,304.92

10/26/1994

405.62

Cash

0.36%

$3,316.94

11/2/1994

408.17

Sell

0.11%

$3,320.62

11/18/1994

409.28

Cash

-0.27%

$3,311.59

11/21/1994

397.93

Buy

0.02%

$3,312.37

1994 Nas-100: +1.5% 1st Choice Timing: +18.5%

9/22/1995

587.93

Sell

47.75%

$4,893.93

10/26/1995

593.53

Cash

-0.95%

$4,847.31

11/2/1995

621.71

Sell

0.12%

$4,852.96

11/7/1995

598.72

Buy

3.70%

$5,032.42

1995 Nas-100: +42.5% 1st Choice Timing: +43.9%

3/19/1996

615.26

Sell

2.76%

$5,171.44

4/11/1996

605.05

Buy

1.66%

$5,257.26

6/10/1996

690.94

Sell

14.20%

$6,003.56

6/25/1996

659.69

Buy

4.52%

$6,275.09

6/27/1996

677.3

Cash

2.67%

$6,442.60

7/5/1996

656

Buy

0.11%

$6,449.70

7/8/1996

660.76

Cash

0.73%

$6,496.50

7/16/1996

631.3

Buy

0.13%

$6,505.20

7/17/1996

643.74

Sell

1.97%

$6,633.39

7/29/1996

630.32

Buy

2.08%

$6,771.67

8/8/1996

678.31

Sell

7.61%

$7,287.24

9/30/1996

734.5

Buy

-8.28%

$6,683.58

10/9/1996

751.44

Sell

2.31%

$6,837.72

10/28/1996

731.21

Buy

2.69%

$7,021.81

11/4/1996

769.89

Sell

5.29%

$7,393.25

11/14/1996

799.44

Buy

-3.84%

$7,109.48

12/27/1996

826.49

Cash

3.38%

$7,350.04

12/31/1996

815.6

Buy

0.04%

$7,353.20

1996 Nas-100: +42.5% 1st Choice Timing: +51.8%

3/19/1997

821.73

Sell

0.75%

$7,408.46

4/25/1997

829.39

Cash

-0.93%

$7,339.40

5/1/1997

909.49

Buy

0.09%

$7,345.98

5/2/1997

932.77

Sell

2.56%

$7,534.01

5/5/1997

914.9

Buy

1.92%

$7,678.35

7/25/1997

1075.18

Sell

17.52%

$9,023.51

8/15/1997

1089.55

Buy

-1.34%

$8,902.91

12/5/1997

1082.92

Cash

-0.61%

$8,848.73

12/12/1997

984.38

Buy

0.11%

$8,858.75

1997 Nas-100: +20.6% 1st Choice Timing: +21.3%

1/5/1998

1006.29

Sell

2.23%

$9,055.92

1/9/1998

971.17

Buy

3.49%

$9,371.98

2/2/1998

1111.26

Sell

14.42%

$10,723.87

2/10/1998

1138.81

Buy

-2.48%

$10,458.01

4/16/1998

1231.25

Sell

8.12%

$11,306.91

4/27/1998

1222.5

Cash

0.71%

$11,387.27

5/4/1998

1247.27

Sell

0.11%

$11,399.69

6/25/1998

1320.94

Buy

-5.91%

$10,726.37

6/26/1998

1339.71

Cash

1.42%

$10,878.78

6/30/1998

1356.14

Buy

0.04%

$10,883.53

7/8/1998

1383.22

Cash

2.00%

$11,100.85

7/9/1998

1391.11

Buy

0.02%

$11,103.28

7/16/1998

1463.97

Sell

5.24%

$11,684.82

8/7/1998

1362.88

Buy

6.91%

$12,491.68

8/17/1998

1401.24

Sell

2.81%

$12,843.27

9/1/1998

1221.44

Buy

12.83%

$14,491.25

1998 Nas-100: +85.3% 1st Choice Timing: +144.3%

1/4/1999

1903

Cash

55.80%

$22,577.33

1/5/1999

1963.95

Sell

0.02%

$22,581.76

1/12/1999

1948.71

Cash

0.78%

$22,756.99

1/13/1999

1906.12

Buy

0.02%

$22,761.32

2/12/1999

1954.49

Sell

2.54%

$23,338.91

4/27/1999

2150.44

Buy

-10.03%

$20,999.04

5/4/1999

2155.71

Sell

0.25%

$21,050.50

6/3/1999

2109.41

Buy

2.15%

$21,502.62

6/22/1999

2239.33

Sell

6.16%

$22,826.98

6/25/1999

2243.94

Buy

-0.21%

$22,779.99

7/2/1999

2330.73

Cash

3.87%

$23,661.06

7/6/1999

2340.67

Buy

0.02%

$23,665.93

7/8/1999

2393.02

Cash

2.24%

$24,195.23

7/13/1999

2417.05

Buy

0.06%

$24,210.09

7/16/1999

2424.62

Sell

0.31%

$24,285.92

7/23/1999

2233.51

Buy

7.88%

$26,200.15

8/17/1999

2317.39

Sell

3.76%

$27,184.10

8/18/1999

2278.79

Buy

1.67%

$27,636.90

8/24/1999

2460.92

Sell

7.99%

$29,845.75

9/15/1999

2466.88

Buy

-0.24%

$29,773.46

11/12/1999

2875.87

Sell

16.58%

$34,709.68

11/18/1999

3028.84

Buy

-5.32%

$32,863.45

12/15/1999

3332.31

Cash

10.02%

$36,156.15

1999 Nas-100: +102.0% 1st Choice Timing: +66.5%

1/4/2000

3507.31

Sell

0.31%

$36,267.48

1/12/2000

3612.08

Cash

-2.99%

$35,184.10

1/19/2000

3841.74

Sell

0.09%

$35,216.55

1/27/2000

3446.13

Buy

10.30%

$38,843.04

5/2/2000

3562.16

Sell

3.37%

$40,150.88

5/5/2000

3521.6

Buy

1.14%

$40,608.04

6/2/2000

3730.31

Sell

5.93%

$43,014.71

6/27/2000

3771.06

Buy

-1.09%

$42,544.81

7/17/2000

3960.96

Sell

5.04%

$44,687.25

9/21/2000

3701.18

Buy

6.56%

$47,618.07

11/2/2000

3321.91

Sell

-10.25%

$42,738.52

11/20/2000

2786.53

Buy

16.12%

$49,626.52

2000 Nas-100: -36.8% 1st Choice Timing: +15.0%

2/13/2001

2305.82

Sell

-17.25%

$41,065.35

3/12/2001

1789.7

Buy

22.38%

$50,257.16

3/19/2001

1614.47

Sell

-9.79%

$45,336.47

4/6/2001

1481.22

Buy

8.25%

$49,078.30

4/18/2001

1953.28

Sell

31.87%

$64,719.40

4/25/2001

1763.33

Buy

9.72%

$71,013.15

5/10/2001

1821.2

Sell

3.28%

$73,343.70

6/26/2001

1756.02

Buy

3.58%

$75,968.64

7/17/2001

1666.87

Sell

-5.08%

$72,111.84

9/21/2001

1191.02

Buy

28.55%

$92,697.98

10/10/2001

1389.87

Sell

16.70%

$108,174.62

10/26/2001

1374.58

Buy

1.10%

$109,364.66

2001 Nas-100: -32.7% 1st Choice Timing: +200.9%

1/3/2002

1675.03

Sell

21.86%

$133,269.14

1/14/2002

1612.46

Buy

3.74%

$138,247.36

1/18/2002

1501.78

Sell

-6.86%

$128,758.00

3/7/2002

1555.11

Buy

-3.55%

$124,185.66

3/19/2002

1451.02

Sell

-6.69%

$115,873.39

4/25/2002

1250.89

Buy

13.79%

$131,855.08

5/23/2002

1253.03

Sell

0.17%

$132,080.66

6/25/2002

1027.22

Buy

18.02%

$155,883.08

8/7/2002

947.24

Sell

-7.79%

$143,745.92

10/28/2002

960.82

Buy

-1.43%

$141,685.12

11/4/2002

1050.39

Sell

9.32%

$154,893.36

11/18/2002

1025.96

Buy

2.33%

$158,495.88

12/10/2002

1036.34

Cash

1.01%

$160,099.44

12/20/2002

1032.3

Buy

0.04%

$160,166.81

2002 Nas-100: -37.6% 1st Choice Timing: +21.7%

1/3/2003

1061.48

Sell

2.83%

$164,694.23

1/13/2003

1094.87

Buy

-3.15%

$159,513.59

1/16/2003

1017.58

Cash

-7.06%

$148,253.08

1/17/2003

1008.93

Sell

0.01%

$148,260.55

3/12/2003

1029.79

Buy

-2.07%

$145,195.20

3/17/2003

1082.19

Cash

5.09%

$152,583.33

3/19/2003

1080.24

Sell

0.01%

$152,597.97

3/28/2003

1018.66

Buy

5.70%

$161,296.95

7/22/2003

1268.52

Sell

24.53%

$200,860.36

10/1/2003

1337.1

Buy

-5.41%

$190,001.25

12/11/2003

1417.27

Cash

6.00%

$201,393.38

2003 Nas-100: +49.1% 1st Choice Timing: +31.9%

1/5/2004

1501.26

Sell

0.06%

$201,518.41

1/12/2004

1524.78

Cash

-1.57%

$198,361.25

1/16/2004

1552.87

Sell

0.02%

$198,393.31

1/30/2004

1487.84

Buy

4.19%

$206,701.50

2/6/2004

1490.91

Sell

0.21%

$207,128.02

2/20/2004

1463.75

Buy

1.82%

$210,901.28

3/5/2004

1441.12

Sell

-1.55%

$207,640.69

3/12/2004

1399.87

Buy

2.86%

$213,584.11

3/15/2004

1407.07

Cash

0.51%

$214,682.64

3/18/2004

1398.58

Buy

0.01%

$214,709.17

4/2/2004

1508.37

Sell

7.85%

$231,564.08

4/27/2004

1453.03

Cash

3.67%

$240,059.84

5/4/2004

1428.42

Sell

0.02%

$240,111.03

5/21/2004

1413.97

Buy

1.01%

$242,540.03

5/24/2004

1447.72

Sell

2.39%

$248,329.20

6/25/2004

1493.07

Cash

-3.13%

$240,550.27

7/6/2004

1452.49

Buy

0.04%

$240,636.67

7/8/2004

1440

Cash

-0.86%

$238,567.44

7/13/2004

1416.05

Buy

0.02%

$238,610.00

7/16/2004

1396.77

Sell

-1.36%

$235,361.23

7/29/2004

1400.39

Buy

-0.26%

$234,751.25

8/26/2004

1388.56

Sell

-0.84%

$232,768.16

10/11/2004

1435

Buy

-3.34%

$224,983.30

12/31/2004

1603.51

Buy

11.74%

$251,402.77

2004 Nas-100: +10.4% 1st Choice Timing: +26.1%

Trades: 172 (72.67% Winners) 9.55/year

Largest Gain: +55.80%

Largest Loss: -17.25%

Total Gain: +175878.42%

Comp. Ann. Ret.: +51.43%

Percent Invested: 97.20%

Percent long: 66.40%

Percent short: 30.81%

Important Disclaimer