TRADE TABLE (SMH)SEMI INDEX  1/1/2007 TO LAST
LONG GAIN/LOSS		$37.40	127.1%		CURRENT TOTAL PROFIT
SHORT-GAIN/LOSS		$36.00	141.7%		NET PROFIT	######	268.8%
MAX UNREALISED GAIN ( BUY)		$10.00			BUY SIGNALS	55	127.0%
MAX DRAWDOWN (BUY)		$ (1.70)			SELL SIGNALS	53	142.0%
MAX UNREALISED GAIN ( SELL)		$  7.60			TRADES	108
MAX DRAWDOWN (SELL)		$ (2.10)			LONG WINS	37	67.0%
TOTAL UNRECOGNIZED GAIN		$17.60			SHORT WINS	35	66.0%
BUY/	TRADE	TRADE	CLOSE	CLOSE	TRADE	CUM	DAYS IN
SELL	DATE	PRICE	DATE	PRICE	P/L	GAIN	TRADE
BUY	02/01/07	32.79	02/09/07	32.63	-0.5%	-0.5%	8
SELL	01/23/07	31.86	02/01/07	32.79	-2.8%	-3.3%	9
BUY	02/13/07	32.44	02/28/07	33.11	2.1%	-1.2%	15
SELL	02/09/07	32.63	02/13/07	32.44	0.6%	-0.6%	4
BUY	03/16/07	32.78	03/23/07	33.04	0.8%	0.2%	7
SELL	02/28/07	33.11	03/16/07	32.78	1.0%	1.2%	16
BUY	04/03/07	32.28	04/04/07	32.74	1.4%	2.6%	1
SELL	03/23/07	33.04	04/03/07	32.28	2.4%	5.0%	11
BUY	04/09/07	32.98	05/09/07	36.64	11.1%	16.1%	30
SELL	04/04/07	32.74	04/09/07	32.98	-0.7%	15.4%	5
BUY	05/11/07	36.53	05/18/07	35.73	-2.2%	13.2%	7
SELL	05/09/07	36.64	05/11/07	36.53	0.3%	13.5%	2
BUY	06/07/07	34.32	07/25/07	37.64	9.7%	23.2%	48
SELL	05/18/07	35.73	06/07/07	34.32	4.1%	27.3%	20
BUY	08/28/07	34.91	09/13/07	36	3.1%	30.4%	16
SELL	07/25/07	37.64	08/28/07	34.91	7.8%	38.2%	34
BUY	09/17/07	35.63	09/18/07	36.32	1.9%	40.1%	1
SELL	09/13/07	36	09/17/07	35.63	1.0%	41.1%	4
BUY	09/21/07	37.1	10/03/07	36.7	-1.1%	40.0%	12
SELL	09/18/07	36.32	09/21/07	37.1	-2.1%	37.9%	3
BUY	10/17/07	36.8	10/18/07	36.72	-0.2%	37.7%	1
SELL	10/03/07	36.7	10/17/07	36.8	-0.3%	37.4%	14
BUY	11/27/07	31.58	11/29/07	32.65	3.4%	40.8%	2
SELL	10/18/07	36.72	11/27/07	31.58	16.3%	57.1%	40
BUY	12/04/07	32.16	12/14/07	32.67	1.6%	58.7%	10
SELL	11/29/07	32.65	12/04/07	32.16	1.5%	60.2%	5
BUY	12/18/07	32.3	12/19/07	32.36	0.2%	60.4%	1
SELL	12/14/07	32.67	12/18/07	32.3	1.1%	61.5%	4
BUY	01/23/08	28.39	01/25/08	28.02	-1.3%	60.2%	2
SELL	12/19/07	32.36	01/23/08	28.39	14.0%	74.2%	35
BUY	01/28/08	28.66	01/29/08	28.55	-0.4%	73.8%	1
SELL	01/25/08	28.02	01/28/08	28.66	-2.2%	71.6%	3
BUY	01/31/08	28.15	02/15/08	28.58	1.5%	73.1%	15
SELL	01/29/08	28.55	01/31/08	28.15	1.4%	74.5%	2
BUY	02/20/08	28.85	02/28/08	29.45	2.1%	76.6%	8
SELL	02/15/08	28.58	02/20/08	28.85	-0.9%	75.7%	5
BUY	03/03/08	28.4	03/05/08	28.95	1.9%	77.6%	2
SELL	02/28/08	29.45	03/03/08	28.4	3.7%	81.3%	4
BUY	03/10/08	28.69	03/11/08	29.27	2.0%	83.3%	1
SELL	03/05/08	28.95	03/10/08	28.69	0.9%	84.2%	5
BUY	03/17/08	28.73	03/18/08	29.73	3.5%	87.7%	1
SELL	03/11/08	29.27	03/17/08	28.73	1.9%	89.6%	6
BUY	03/20/08	29.09	03/26/08	29.41	1.1%	90.7%	6
SELL	03/18/08	29.73	03/20/08	29.09	2.2%	92.9%	2
BUY	03/31/08	28.72	04/07/08	30.29	5.5%	98.4%	7
SELL	03/26/08	29.41	03/31/08	28.72	2.4%	100.8%	5
BUY	04/09/08	29.8	04/21/08	30.94	3.8%	104.6%	12
SELL	04/07/08	30.29	04/09/08	29.8	1.6%	106.2%	2
BUY	04/22/08	30.05	05/29/08	32.67	8.7%	114.9%	37
SELL	04/21/08	30.94	04/22/08	30.05	3.0%	117.9%	1
BUY	06/04/08	32.8	06/06/08	32.11	-2.1%	115.8%	2
SELL	05/29/08	32.67	06/04/08	32.8	-0.4%	115.4%	6
BUY	07/16/08	28.95	07/21/08	29.43	1.7%	117.1%	5
SELL	06/06/08	32.11	07/16/08	28.95	10.9%	128.0%	40
BUY	08/05/08	28.7	08/21/08	28.78	0.3%	128.3%	16
SELL	07/21/08	29.43	08/05/08	28.7	2.5%	130.8%	15
BUY	09/18/08	25.85	09/19/08	26.5	2.5%	133.3%	1
SELL	08/21/08	28.78	09/18/08	25.85	11.3%	144.6%	28
BUY	09/24/08	24.75	09/26/08	25.85	4.4%	149.0%	2
SELL	09/19/08	26.5	09/24/08	24.75	7.1%	156.1%	5
BUY	10/29/08	19.29	11/11/08	17.9	-7.2%	148.9%	13
SELL	09/26/08	25.85	10/29/08	19.29	34.0%	182.9%	33
BUY	11/12/08	17.15	11/14/08	17.1	-0.3%	182.6%	2
SELL	11/11/08	17.9	11/12/08	17.15	4.4%	187.0%	1
BUY	11/26/08	16.95	11/28/08	16.63	-1.9%	185.1%	2
SELL	11/14/08	17.1	11/26/08	16.95	0.9%	186.0%	12
BUY	12/02/08	15.96	12/29/08	16.85	5.6%	191.6%	27
SELL	11/28/08	16.63	12/02/08	15.96	4.2%	195.8%	4
BUY	01/05/09	18.28	01/09/09	17.52	-4.2%	191.6%	4
SELL	12/29/08	16.85	01/05/09	18.28	-7.8%	183.8%	7
BUY	01/26/09	17.14	02/02/09	17.41	1.6%	185.4%	7
SELL	01/09/09	17.52	01/26/09	17.14	2.2%	187.6%	17
BUY	02/03/09	17.56	02/10/09	18.1	3.1%	190.7%	7
SELL	02/02/09	17.41	02/03/09	17.56	-0.9%	189.8%	1
BUY	02/12/09	17.94	02/13/09	18.11	0.9%	190.7%	1
SELL	02/10/09	18.1	02/12/09	17.94	0.9%	191.6%	2
BUY	03/03/09	15.93	04/20/09	19.49	22.3%	213.9%	48
SELL	02/13/09	18.11	03/03/09	15.93	13.7%	227.6%	18
BUY	04/21/09	19.52	04/27/09	19.87	1.8%	229.4%	6
SELL	04/20/09	19.49	04/21/09	19.52	-0.2%	229.2%	1
BUY	04/28/09	19.63	05/06/09	21.16	7.8%	237.0%	8
SELL	04/27/09	19.87	04/28/09	19.63	1.2%	238.2%	1
BUY	05/22/09	19.97	06/19/09	21.39	7.1%	245.3%	28
SELL	05/06/09	21.16	05/22/09	19.97	6.0%	251.3%	16
BUY	07/13/09	21.45	08/11/09	24.24	13.0%	264.3%	29
SELL	06/19/09	21.39	07/13/09	21.45	-0.3%	264.0%	24
BUY	09/15/09	25.9	09/24/09	25.45	-1.7%	262.3%	9
SELL	08/11/09	24.24	09/15/09	25.9	-6.4%	255.9%	35
BUY	10/09/09	25.89	10/12/09	26.28	1.5%	257.4%	3
SELL	09/24/09	25.45	10/09/09	25.89	-1.7%	255.7%	15
BUY	12/14/09	27.11	01/29/10	24.76	-8.7%	247.0%	46
SELL	10/30/09	24.19	11/13/09	25.69	-5.8%	241.2%	14
BUY	02/16/10	26.64	02/22/10	26.76	0.5%	241.7%	6
SELL	01/29/10	24.76	02/16/10	26.64	-7.1%	234.6%	18
BUY	04/12/10	28.75	05/04/10	28.55	-0.7%	233.9%	22
SELL	05/04/10	28.55	07/13/10	28.19	1.3%	235.2%	70
BUY	07/13/10	28.19	08/10/10	27.19	-3.5%	231.7%	28
SELL	03/09/11	34.38	03/25/11	34.57	-0.5%	231.2%	16
BUY	09/21/10	26.72	03/09/11	34.38	28.7%	259.9%	169
SELL	04/11/11	34.63	05/05/11	36.38	-4.8%	255.1%	24
BUY	03/25/11	34.57	04/11/11	34.63	0.2%	255.3%	17
SELL	05/16/11	36.13	05/18/11	36.44	-0.9%	254.4%	2
BUY	05/05/11	36.38	05/16/11	36.13	-0.7%	253.7%	11
SELL	05/20/11	35.9	06/30/11	34.08	5.3%	259.0%	41
BUY	05/18/11	36.44	05/20/11	35.9	-1.5%	257.5%	2
SELL	07/13/11	32.88	08/23/11	28.73	14.4%	271.9%	41
BUY	06/30/11	34.08	07/13/11	32.88	-3.5%	268.4%	13
SELL	07/13/11	32.88	08/23/11	28.73	14.4%	282.8%	41