DEFENSE INDEX RESULTS (updated monthly) See trade page for current status.

DFX050602_013103.txt      DFXnu.M                                                    
            ENTRY                      EXIT                CLOSE                     
Type   Bar#   Time    Price     Bar#   Time    Price       P/L                       
Date  020531                                                                         
S 49   149   1300     201.57     158    1400   197.57      196.00   
Date  020614                                                                         
B 51   227   1100     192.67     244    1200   200.02      374.85   
Date  020702                                                                         
B 52   326   1400     189.39     353    1200   192.24      148.20   
Date  020717                                                                         
S 56   399   1000     177.17     426    1300   162.25      835.52   
Date  020722                                                                         
B 61   426   1300     162.25     449    1200   166.47      257.42   
Date  020819                                                                         
S 55   584   1100     181.04     618    1300   176.86      229.90   
Date  020826                                                                         
B 57   625   1200     174.60     634    1300   178.58      226.86   
Date  020904                                                                         
B 57   670   900      174.73     683    1400   177.52      159.03   
Date  020918                                                                         
B 56   749   1100     177.30     798    1200   176.97      -18.48   
Date  021003                                                                         
B 58   840   1400     170.47     888    1400   158.33     -704.12   
Date  021011                                                                         
S 63   888   1400     158.33     979    900    154.57      236.88   
Date  021105                                                                         
B 64   1019  900      155.94     1031   1300   161.81      375.68   
Date  021106                                                                         
S 61   1031  1300     161.81     1059   900    159.49      141.52   
Date  021204                                                                         
B 63   1178  1000     158.11     1201   900    155.87     -141.12   
Date  030109                                                                         
B 62   1371  1300     160.58     1378   1200   162.00       88.04   

File Name           $WnLng   $LssLg    $Long   $WnSht   $LsSht   $Short     $Wins    $Loss     Net$  
DFX050602_013103.txt  1630     -864      766     1640        0     1640     3270     -864     2406 
HISTORICAL Test REPORT  DFXnu.MDL Data : DFX050602_013103.txt                        
============================================================================         
                                 All Trades                                          
                                        Total Net Profit               2406          
Gross Trading Profit        3270        Gross Trading Loss             -864          
Total Number Trades           15        Percentage profitable         80.00          
Number Winning Trades         12        Number Losing Trades              3          
Biggest Winner               836        Biggest Loser                  -704          
Average Winning Trade     272.49        Average Losing Trade        -287.91          
Ratio avg win/avg loss      0.95        Ave trade(win & loss)        160.41          
Max Unrecognized Gain        291        Max Adverse Posn              -1329          
Max Consec Winners             8        Max Consec Losers                 2          
Average # bars in winners  24.75        Average # bars in losers      40.00          
Average DrawDown            -224        StanDev Agv DD                  332          
Mx Intday d/down(021010)   -1401        Sharpe Ratio                   2.12          
Max Closed Draw Down        -723        Max Number Posns                 64          
Profit Factor               3.79                                                     
Return on  10000           24.06        Return on account, %/year     33.02          
BarsInMkt   417       %Bars   29          $ / Bar In Mkt               5.77          
Optimal Capital               13        TWR, annualized                1.00          
----------------------------------------------------------------------------         
                                 Long Trades                                         
                                        Total Net Profit                766          
Gross Trading Profit        1630        Gross Trading Loss             -864          
Total Number Trades           10        Percentage profitable         70.00          
Number Winning Trades          7        Number Losing Trades              3          
Biggest Winner               376        Biggest Loser                  -704          
Average Winning Trade        233        Average Losing Trade           -288          
Ratio avg win/avg loss      0.81        Ave trade(win & loss)            77          
Average # bars in winners  15.43        Average # bars in losers      40.00          
----------------------------------------------------------------------------         
                                 Short Trades                                        
                                        Total Net Profit               1640          
Gross Trading Profit        1640        Gross Trading Loss                0          
Total Number Trades            5        Percentage profitable        100.00          
Number Winning Trades          5        Number Losing Trades              0          
Biggest Winner               836        Biggest Loser                     0          
Average Winning Trade        328        Average Losing Trade              0          
Ratio avg win/avg loss  99999.00        Ave trade(win & loss)        327.96          
Average # bars in winners  37.80        Average # bars in losers       0.00          
____________________________________________________________________________         

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