TRACK RECORD OF FTSE MARKET ALERTS For Year 2003 updated Jan 31, 2004 Buy Index Sell Index Points % Gain Points % Gain Cumulat. Cumulative Date Value Date Value Gained for Gained for Gain % Investment Gain for Buying for Selling Buying Selling Investment sum = US$10,000 10000 Dec 30, 3844 Jan 3, 03 4007 163 4.24 87 4.24 10,424 4.24 2.17 6.41 10,650 2.171 Jan 9 3920 Jan 13 3930 10 0.26 47 6.67 10,678 0.255 1.20 7.86 10,805 1.196 Jan 16 3883 Jan 22 3763 -120 -3.09 153 4.77 10,471 -3.09 4.07 8.84 10,897 4.066 Feb 11 3610 Feb 13 3580 -30 -0.83 -35 8.01 10,807 -0.83 -0.98 7.03 10,701 -0.98 Feb 14 3615 Feb 17 3659 44 1.22 -23 8.25 10,831 1.217 -0.63 7.62 10,763 -0.63 Feb 20 3682 Feb 24 3718 36 0.98 108 8.60 10,868 0.978 2.90 11.50 11,184 2.905 Feb 27 3610 Mar 4 3656 46 1.27 324 12.77 11,326 1.274 8.86 21.64 12,330 8.862 Mar 13 3332 Mar 14 3589 257 7.71 -31 29.35 13,281 7.713 -0.86 28.49 13,167 -0.86 Mar 17 3620 Mar 24 3858 238 6.57 232 35.06 14,032 6.575 2.93 37.99 14,443 2.929 Mar 25 3745 Mar 26 3780 35 0.93 -32 38.92 14,578 0.935 6.01 44.94 15,455 6.013 Mar 31 3626 Apr 3 3784 158 4.36 -37 49.30 16,128 4.357 -0.74 48.56 16,009 -0.74 Apr 4 3812 Apr 7 3943 131 3.44 122 51.99 16,559 3.437 3.09 55.09 17,071 3.094 Apr 11 3821 Apr 16 3868 47 1.23 -31 56.32 17,281 1.23 -0.80 55.51 17,143 -0.8 Apr 22 3899 Apr 24 3965 66 1.69 82 57.21 17,433 1.693 2.07 59.28 17,794 2.068 Apr 28 3883 Apr 30 3924 41 1.06 31 60.33 17,982 1.056 0.79 61.12 18,124 0.79 May 2 3893 May 8 3977 84 2.16 26 63.28 18,515 2.158 0.65 63.93 18,636 0.654 May 9 3951 May 12,13 3977 26 0.66 -33 64.59 18,758 0.658 -0.83 63.76 18,603 -0.83 May 14 4010 May 19 3997 -13 -0.32 35 63.44 18,542 -0.32 0.88 64.31 18,705 0.876 May 20 3962 May 23 3966 4 0.10 -88 64.41 18,724 0.101 -2.22 62.19 18,308 -2.22 May 28 4054 June 3 4086 32 0.79 -38 62.98 18,453 0.789 -0.93 62.05 18,281 -0.93 June 4 4124 June 5 4099 -25 -0.61 -41 61.45 18,170 -0.61 -1.00 60.45 17,988 -1 June 6 4140 June 13 4139 -1 -0.02 -9 60.42 17,984 -0.02 -0.22 60.21 17,945 -0.22 June 20 4148 60.21 17,945 June 26 4066 60.21 17,945 July 16 4086 -21 -0.13 6 60.08 17,922 -0.13 0.15 60.22 17,948 0.147 July 18 4080 July 21 4069 -11 -0.27 4 59.96 17,900 -0.27 0.10 60.05 17,918 0.098 July 22 4065 July 29 4138 73 1.80 -5 61.85 18,239 1.796 -0.12 61.73 18,217 -0.12 July 31 4143 Aug 12 4188 45 1.09 -10 62.81 18,415 1.086 -0.24 62.58 18,371 -0.24 Aug 13 4198 Aug 15 4248 50 1.19 -12 63.77 18,590 1.191 -0.28 63.48 18,538 -0.28 Aug 18 4260 Aug 19 4276 16 0.38 59 63.86 18,607 0.376 1.38 65.24 18,864 1.38 Aug 20 4217 Aug 21 4242 25 0.59 43 65.83 18,976 0.593 1.01 66.85 19,168 1.014 Aug 27 4199 Sep 9 4281 82 1.95 18 68.80 19,542 1.953 0.42 69.22 19,625 0.42 Sep 15 4263 Sep 22 4214 -49 -1.15 -16 68.07 19,399 -1.15 -0.38 67.69 19,325 -0.38 Sep 23 4230 Oct 7 4249 19 0.45 -51 68.14 19,412 0.449 -1.20 66.94 19,179 -1.2 Oct 9 4300 Oct 17 4339 39 0.91 -17 67.85 19,353 0.907 -0.39 67.45 19,277 -0.39 Oct 20 4356 Oct 22 4329 -27 -0.62 67 66.83 19,158 -0.62 1.55 68.38 19,454 1.548 Oct 27 4262 Nov 4 4301 39 0.92 -44 69.30 19,632 0.915 -1.02 68.27 19,431 -1.02 Nov 7 4345 Nov 11 4342 -3 -0.07 -28 68.21 19,418 -0.07 -0.64 67.56 19,293 -0.64 Nov 18 4370 Nov 20 4300 -70 -1.60 -14 65.96 18,984 -1.6 -0.33 65.63 18,922 -0.33 Nov 21 4314 Nov 28 4350 36 0.83 -30 66.47 19,080 0.834 -0.69 65.78 18,948 -0.69 Dec 9 4380 Jan 6, 20 4500 120 2.74 51 68.52 19,467 2.74 1.13 69.65 19,688 1.133 Jan 14 4449 Jan 22 4511 62 1.39 71.04 19,962 1.394 71.04 19,962 Totals 1654 44 870 26.86 71.04 Total Index Points Gained This Quarter : 2524 Points Total % Gained This Quarter : 71.0 % Cumulative Index Points Gained This Yr : 2524 Points Total % Gained This Year : 71 % Performance of last transaction when marked to market: Total Index Points Gained : 121 Points Total % Gained : 2.7 % 20,498 2.682