1st Choice Next Day Trades Using a 2.0 Beta S&P 500 Index Fund

January 1987 Through December 2004

S&P 500

1ST

CHOICE

DATE

VALUE

POSITION

GAIN

VALUE

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

1/2/1987

246.45

Buy

$246.45

3/10/1987

290.31

Sell

35.59%

$334.17

3/12/1987

289.89

Buy

0.29%

$335.14

3/19/1987

298.17

Sell

5.71%

$354.28

4/27/1987

282.51

Cash

10.50%

$391.50

4/30/1987

288.03

Buy

0.08%

$391.80

5/4/1987

295.34

Sell

5.08%

$411.69

6/17/1987

305.69

Buy

-7.01%

$382.83

7/28/1987

315.65

Sell

6.52%

$407.78

10/27/1987

233.28

Cash

52.19%

$620.60

11/3/1987

248.96

Sell

0.15%

$621.55

11/18/1987

240.05

Buy

7.16%

$666.04

1987 S&P 500: +0.3% 1st Choice Timing: +186.1%

2/26/1988

267.82

Sell

23.14%

$820.14

3/14/1988

266.13

Buy

1.26%

$830.49

11/2/1988

279.2

Sell

9.82%

$912.06

11/18/1988

266.22

Buy

9.30%

$996.87

1988 S&P 500: +12.4% 1st Choice Timing: +53.6%

8/4/1989

349.41

Sell

62.50%

$1,619.88

8/9/1989

348.25

Buy

0.66%

$1,630.64

8/31/1989

353.73

Sell

3.15%

$1,681.95

9/8/1989

347.66

Buy

3.43%

$1,739.68

10/11/1989

355.39

Sell

4.45%

$1,817.04

10/26/1989

335.06

Cash

11.44%

$2,024.93

10/31/1989

341.2

Buy

0.10%

$2,026.97

11/3/1989

332.61

Sell

-5.04%

$1,924.91

11/20/1989

339.59

Buy

-4.20%

$1,844.12

1989 S&P 500: +27.3% 1st Choice Timing: +84.1%

4/11/1990

344.34

Sell

2.80%

$1,895.70

4/20/1990

331.05

Buy

7.72%

$2,042.04

7/17/1990

364.22

Sell

20.04%

$2,451.25

9/6/1990

323.4

Buy

22.42%

$3,000.69

9/11/1990

322.54

Sell

-0.53%

$2,984.73

10/1/1990

315.21

Buy

4.55%

$3,120.40

10/19/1990

314.76

Sell

-0.29%

$3,111.49

10/26/1990

301.88

Buy

8.18%

$3,366.13

11/2/1990

314.59

Sell

8.42%

$3,649.58

11/19/1990

315.31

Buy

-0.46%

$3,632.87

1990 S&P 500: -6.6% 1st Choice Timing: +99.4%

1/4/1991

315.44

Sell

0.08%

$3,635.87

1/14/1991

313.73

Buy

1.08%

$3,675.29

5/9/1991

375.74

Sell

39.53%

$5,128.16

6/25/1991

371.59

Buy

2.21%

$5,241.44

1991 S&P 500: +26.3% 1st Choice Timing: +64.1%

2/25/1992

415.35

Sell

23.55%

$6,475.95

3/12/1992

405.84

Cash

4.58%

$6,772.50

3/19/1992

411.3

Sell

0.09%

$6,778.36

4/13/1992

412.39

Buy

-0.53%

$6,742.43

4/15/1992

416.05

Sell

1.78%

$6,862.11

4/27/1992

409.11

Buy

3.34%

$7,091.04

5/4/1992

416.84

Sell

3.78%

$7,359.01

6/23/1992

403.83

Buy

6.24%

$7,818.37

1992 S&P 500: +4.5% 1st Choice Timing: +38.7%

3/19/1993

448.88

Sell

22.31%

$9,562.76

4/8/1993

448.37

Buy

0.23%

$9,584.49

7/16/1993

446.03

Sell

-1.04%

$9,484.45

8/11/1993

448.96

Buy

-1.31%

$9,359.84

11/2/1993

463.02

Sell

6.26%

$9,946.08

11/18/1993

462.6

Buy

0.18%

$9,964.13

1993 S&P 500: +7.1% 1st Choice Timing +11.9%

3/22/1994

468.54

Sell

2.57%

$10,220.02

4/8/1994

449.87

Buy

7.97%

$11,034.49

9/14/1994

474.81

Sell

11.09%

$12,257.96

10/26/1994

465.85

Cash

3.77%

$12,720.59

11/2/1994

467.91

Sell

0.11%

$12,734.71

11/18/1994

458.3

Cash

4.11%

$13,257.81

11/21/1994

450.09

Buy

0.02%

$13,260.93

1994 S&P 500: -1.5% 1st Choice Timing: +36.2%

9/22/1995

581.81

Sell

58.53%

$21,022.61

10/26/1995

579.7

Cash

0.73%

$21,175.09

11/2/1995

590.57

Sell

0.12%

$21,199.77

11/7/1995

591.71

Buy

-0.39%

$21,117.92

1995 S&P 500: +34.1% 1st Choice Timing: +65.5%

3/19/1996

649.98

Sell

19.70%

$25,277.19

4/11/1996

636.71

Buy

4.08%

$26,309.31

6/10/1996

670.97

Sell

10.76%

$29,140.60

6/25/1996

664.39

Buy

1.96%

$29,712.14

6/27/1996

670.63

Cash

1.88%

$30,270.26

7/5/1996

652.54

Buy

0.11%

$30,303.65

7/8/1996

654.75

Cash

0.68%

$30,508.92

7/16/1996

634.07

Buy

0.13%

$30,549.75

7/17/1996

643.56

Sell

2.99%

$31,464.21

7/29/1996

635.26

Buy

2.58%

$32,275.80

8/8/1996

662.1

Sell

8.45%

$35,003.13

9/30/1996

689.08

Buy

-8.15%

$32,150.43

10/9/1996

694.61

Sell

1.61%

$32,666.46

10/28/1996

701.5

Buy

-1.98%

$32,018.40

11/4/1996

714.14

Sell

3.60%

$33,172.25

11/14/1996

737.62

Buy

-6.58%

$30,990.93

12/27/1996

753.85

Cash

4.40%

$32,354.73

12/31/1996

737.01

Buy

0.04%

$32,368.63

1996 S&P 500: +20.3% 1st Choice Timing: +41.7%

3/19/1997

782.65

Sell

12.39%

$36,377.54

4/25/1997

772.96

Cash

2.48%

$37,278.32

5/1/1997

812.97

Buy

0.09%

$37,311.73

5/2/1997

830.24

Sell

4.25%

$38,896.96

5/5/1997

827.76

Buy

0.60%

$39,129.34

7/25/1997

936.45

Sell

26.26%

$49,405.18

8/15/1997

912.49

Buy

5.12%

$51,933.35

12/5/1997

982.37

Cash

15.32%

$59,887.63

12/12/1997

963.39

Buy

0.11%

$59,955.43

1997 S&P 500: +31.0% 1st Choice Timing: +87.9%

1/5/1998

966.58

Sell

0.66%

$60,352.48

1/9/1998

939.21

Buy

5.66%

$63,770.40

2/2/1998

1005.99

Sell

14.22%

$72,838.84

2/10/1998

1020.01

Buy

-2.79%

$70,808.59

4/16/1998

1122.72

Sell

20.14%

$85,068.74

4/27/1998

1085.11

Cash

6.70%

$90,768.18

5/4/1998

1115.65

Sell

0.11%

$90,867.19

6/25/1998

1133.2

Buy

-3.15%

$88,008.38

6/26/1998

1138.49

Cash

0.93%

$88,830.07

6/30/1998

1148.56

Buy

0.04%

$88,868.80

7/8/1998

1158.56

Cash

1.74%

$90,416.28

7/9/1998

1164.33

Buy

0.02%

$90,436.03

7/16/1998

1186.75

Sell

3.85%

$93,918.86

8/7/1998

1083.14

Buy

17.46%

$110,318.16

8/17/1998

1101.2

Sell

3.33%

$113,996.98

9/1/1998

990.48

Buy

20.11%

$136,920.59

1998 S&P 500: +26.7% 1st Choice Timing: +233.6%

1/4/1999

1244.78

Cash

51.35%

$207,227.75

1/5/1999

1272.34

Sell

0.02%

$207,268.36

1/12/1999

1234.4

Cash

5.96%

$219,629.44

1/13/1999

1212.19

Buy

0.02%

$219,671.25

2/12/1999

1241.87

Sell

4.90%

$230,428.41

4/27/1999

1350.91

Buy

-17.56%

$189,963.75

5/4/1999

1347.31

Sell

-0.53%

$188,951.30

6/3/1999

1327.75

Buy

2.90%

$194,437.64

6/22/1999

1333.06

Sell

0.80%

$195,992.86

6/25/1999

1331.35

Buy

0.26%

$196,495.70

7/2/1999

1388.12

Cash

8.53%

$213,253.23

7/6/1999

1395.86

Buy

0.02%

$213,297.08

7/8/1999

1403.28

Cash

1.06%

$215,564.75

7/13/1999

1398.17

Buy

0.06%

$215,697.19

7/16/1999

1407.65

Sell

1.36%

$218,622.16

7/23/1999

1347.7

Buy

8.52%

$237,243.84

8/17/1999

1332.84

Sell

-2.21%

$232,012.06

8/18/1999

1323.59

Buy

1.39%

$235,232.42

8/24/1999

1381.79

Sell

8.79%

$255,919.41

9/15/1999

1318.48

Buy

9.16%

$279,370.53

11/12/1999

1394.39

Sell

11.51%

$311,539.44

11/18/1999

1422

Buy

-3.96%

$299,202.00

12/15/1999

1418.78

Cash

-0.45%

$297,846.97

1999 S&P 500: +19.5% 1st Choice Timing: +47.2%

1/4/2000

1402.11

Sell

0.31%

$298,764.09

1/12/2000

1449.68

Cash

-6.79%

$278,491.47

1/19/2000

1445.57

Sell

0.09%

$278,748.34

1/27/2000

1360.16

Buy

11.82%

$311,687.44

5/2/2000

1415.1

Sell

8.08%

$336,866.97

5/5/2000

1424.17

Buy

-1.28%

$332,548.69

6/2/2000

1467.63

Sell

6.10%

$352,844.78

6/27/2000

1454.82

Buy

1.75%

$359,004.31

7/17/2000

1493.74

Sell

5.35%

$378,212.81

9/21/2000

1448.72

Buy

6.03%

$401,010.81

11/2/2000

1426.69

Sell

-3.04%

$388,814.84

11/20/2000

1347.35

Buy

11.12%

$432,059.78

2000 S&P 500: -10.1% 1st Choice Timing: +38.8%

2/13/2001

1315.92

Sell

-4.67%

$411,902.28

3/12/2001

1197.66

Buy

17.97%

$485,936.53

3/19/2001

1142.62

Sell

-9.19%

$441,272.81

4/6/2001

1137.59

Buy

0.88%

$445,157.94

4/18/2001

1253.7

Sell

20.41%

$536,029.50

4/25/2001

1234.52

Buy

3.06%

$552,430.56

5/10/2001

1245.67

Sell

1.81%

$562,409.50

6/26/2001

1211.07

Buy

5.56%

$593,652.81

7/17/2001

1207.71

Sell

-0.55%

$590,358.75

9/21/2001

1003.45

Buy

33.83%

$790,053.44

10/10/2001

1097.43

Sell

18.73%

$938,041.38

10/26/2001

1078.3

Buy

3.49%

$970,744.56

2001 S&P 500: -13.0% 1st Choice Timing: +164.4%

1/3/2002

1172.51

Sell

17.47%

$1,140,370.50

1/14/2002

1146.19

Buy

4.49%

$1,191,567.75

1/18/2002

1119.31

Sell

-4.69%

$1,135,679.62

3/7/2002

1164.31

Buy

-8.04%

$1,044,363.38

3/19/2002

1151.85

Sell

-2.14%

$1,022,010.50

4/25/2002

1076.32

Buy

13.11%

$1,156,042.62

5/23/2002

1083.82

Sell

1.39%

$1,172,153.62

6/25/2002

973.53

Buy

20.35%

$1,410,711.12

8/7/2002

905.46

Sell

-13.98%

$1,213,435.00

10/28/2002

882.15

Buy

5.15%

$1,275,911.88

11/4/2002

915.39

Sell

7.54%

$1,372,066.25

11/18/2002

896.74

Buy

4.07%

$1,427,974.75

12/10/2002

904.96

Cash

1.83%

$1,454,154.00

12/20/2002

897.38

Buy

0.04%

$1,454,765.88

2002 S&P 500: -23.4% 1st Choice Timing: +27.5%

1/3/2003

929.01

Sell

7.05%

$1,557,318.25

1/13/2003

931.66

Buy

-0.57%

$1,548,433.88

1/16/2003

901.78

Cash

-6.41%

$1,449,112.00

1/17/2003

887.62

Sell

0.01%

$1,449,185.00

3/12/2003

831.9

Buy

12.55%

$1,631,129.00

3/17/2003

866.45

Cash

8.31%

$1,766,615.25

3/19/2003

875.67

Sell

0.01%

$1,766,784.88

3/28/2003

848.18

Buy

6.28%

$1,877,714.62

7/22/2003

988.61

Sell

33.11%

$2,499,487.00

10/1/2003

1020.24

Buy

-6.40%

$2,339,547.75

12/11/2003

1074.14

Cash

10.57%

$2,586,747.75

2003 S&P 500: +26.4% 1st Choice Timing: +85.2%

1/5/2004

1123.67

Sell

0.06%

$2,588,353.50

1/12/2004

1121.22

Cash

0.44%

$2,599,641.00

1/16/2004

1138.77

Sell

0.02%

$2,600,061.00

1/30/2004

1135.26

Buy

0.62%

$2,616,089.25

2/6/2004

1139.81

Sell

0.80%

$2,637,059.50

2/20/2004

1140.99

Buy

-0.21%

$2,631,599.75

3/5/2004

1147.21

Sell

1.09%

$2,660,291.50

3/12/2004

1104.49

Buy

7.45%

$2,858,420.25

3/15/2004

1110.7

Cash

1.12%

$2,890,563.00

3/18/2004

1109.78

Buy

0.01%

$2,890,920.25

4/2/2004

1150.57

Sell

7.35%

$3,103,431.50

4/27/2004

1122.41

Cash

4.89%

$3,255,343.00

5/4/2004

1121.53

Sell

0.02%

$3,256,037.00

5/21/2004

1095.41

Buy

4.66%

$3,407,700.75

5/24/2004

1113.05

Sell

3.22%

$3,517,453.00

6/25/2004

1133.35

Cash

-3.65%

$3,389,149.50

7/6/2004

1118.33

Buy

0.04%

$3,390,367.00

7/8/2004

1112.81

Cash

-0.99%

$3,356,898.50

7/13/2004

1111.47

Buy

0.02%

$3,357,497.25

7/16/2004

1100.9

Sell

-1.90%

$3,293,638.50

7/29/2004

1101.72

Buy

-0.15%

$3,288,732.25

8/26/2004

1107.77

Sell

1.10%

$3,324,852.00

10/11/2004

1121.84

Buy

-2.54%

$3,240,393.25

12/31/2004

1202.08

Buy

14.31%

$3,703,933.75

2004 S&P 500: +9.0% 1st Choice Timing: +45.3%

Trades: 172 (77.33% Winners) 9.55/year

Largest Gain: +62.50%

Largest Loss: -17.56%

Total Gain: +1375417.58%

Comp. Ann. Ret.: +70.59%

Percent Invested: 97.20%

Percent long: 66.40%

Percent short: 30.81%

Important Disclaimer