---------------------------------------- ULTRA 10.04: Historical Analysis: AAHUNTE ---------------------------------------- Beta = 1.00 Interest IS being accumulated upon sell signals at the CP rate. Trades on SAME DAY as buy/sell signal. ACCOUNT starts equal to the trading INDEX value. ---------------------------------------- DATE INDEX SIGNAL TRADE ACCOUNT GAIN ---------------------------------------- 11/05/90 314.59 BUY 314.59 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1990 SPX:+5.0% (-1.8% on 11/07/90) AAHUNTE:+5.0% (-2.7% on 11/07/90) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/21/91 364.97 CASH +16.01% 364.97 +16.01% 12/24/91 399.33 BUY +4.89% 382.82 +21.69% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1991 SPX:+26.3% (-5.7% on 01/09/91) AAHUNTE:+21.1% (-5.7% on 01/09/91) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 09/15/92 419.77 CASH +5.12% 402.42 +27.92% 10/28/92 420.13 BUY +0.40% 404.04 +28.43% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1992 SPX:+4.5% (-6.2% on 04/08/92) AAHUNTE:+4.8% (-6.2% on 04/08/92) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 01/04/93 435.38 CASH +3.63% 418.70 +33.09% 08/18/93 456.04 BUY +2.02% 427.14 +35.78% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1993 SPX:+7.1% (-5.0% on 04/26/93) AAHUNTE:+4.3% (-2.6% on 11/04/93) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/10/94 468.93 CASH +2.83% 439.22 +39.62% 05/25/94 456.34 BUY +1.13% 444.20 +41.20% 09/12/94 466.21 CASH +2.16% 453.80 +44.25% 10/27/94 465.85 BUY +0.69% 456.95 +45.25% 11/18/94 461.47 CASH -0.94% 452.66 +43.89% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1994 SPX:-1.5% (-8.9% on 04/04/94) AAHUNTE:+4.3% (-4.5% on 06/24/94) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/03/95 478.64 BUY +1.28% 458.46 +45.73% 08/23/95 557.14 CASH +16.40% 533.65 +69.63% 10/27/95 579.70 BUY +1.06% 539.33 +71.44% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1995 SPX:+34.1% (-2.5% on 12/20/95) AAHUNTE:+25.7% (-2.5% on 12/20/95) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/16/96 647.98 CASH +11.78% 602.86 +91.63% 05/13/96 661.51 BUY +1.25% 610.41 +94.03% 07/08/96 652.54 CASH -1.36% 602.13 +91.40% 09/13/96 680.54 BUY +1.05% 608.47 +93.42% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1996 SPX:+20.3% (-7.6% on 07/24/96) AAHUNTE:+15.6% (-4.8% on 12/16/96) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/28/97 790.82 CASH +16.20% 707.08 +124.76% 04/17/97 761.77 BUY +0.72% 712.14 +126.37% 08/08/97 933.54 CASH +22.55% 872.72 +177.42% 10/29/97 919.16 BUY +1.25% 883.66 +180.89% 12/09/97 975.78 CASH +6.16% 938.09 +198.19% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1997 SPX:+31.0% (-10.8% on 10/27/97) AAHUNTE:+42.2% (-3.9% on 11/12/97) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/02/98 1001.27 BUY +0.80% 945.58 +200.57% 04/16/98 1108.17 CASH +10.68% 1046.53 +232.67% 06/24/98 1132.88 BUY +1.05% 1057.49 +236.15% 07/21/98 1165.07 CASH +2.84% 1087.54 +245.70% 10/12/98 997.71 BUY +1.25% 1101.11 +250.01% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1998 SPX:+26.7% (-19.3% on 08/31/98) AAHUNTE:+44.1% (-4.3% on 12/14/98) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 07/19/99 1407.65 CASH +41.09% 1553.53 +393.83% 08/12/99 1298.16 BUY +0.37% 1559.29 +395.66% 08/30/99 1324.02 CASH +1.99% 1590.35 +405.53% 10/01/99 1282.81 BUY +0.49% 1598.13 +408.00% 10/11/99 1335.21 CASH +4.08% 1663.41 +428.76% 10/27/99 1296.71 BUY +0.28% 1668.14 +430.26% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1999 SPX:+19.5% (-12.1% on 10/15/99) AAHUNTE:+39.3% (-6.3% on 05/27/99) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 10/02/00 1436.23 CASH +10.76% 1847.62 +487.31% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2000 SPX:-10.1% (-17.2% on 12/20/00) AAHUNTE:-0.7% (-11.2% on 04/14/00) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 12/17/01 1134.36 BUY +5.24% 1944.38 +518.07% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2001 SPX:-13.0% (-29.7% on 09/21/01) AAHUNTE:+4.8% (-1.1% on 12/31/01) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 01/14/02 1138.41 CASH +0.36% 1951.32 +520.27% 02/25/02 1109.43 BUY +0.20% 1955.16 +521.50% 03/11/02 1168.26 CASH +5.30% 2058.84 +554.45% 05/16/02 1098.23 BUY +0.35% 2066.03 +556.74% 06/03/02 1040.68 CASH -5.24% 1957.77 +522.32% 06/04/02 1040.69 BUY +0.01% 1957.91 +522.37% 06/05/02 1049.90 CASH +0.88% 1975.24 +527.88% 10/14/02 841.44 BUY +0.63% 1987.70 +531.84% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2002 SPX:-23.4% (-33.8% on 10/09/02) AAHUNTE:+5.6% (-6.8% on 12/27/02) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 01/24/03 861.40 CASH +2.37% 2034.85 +546.83% 03/14/03 833.27 BUY +0.17% 2038.27 +547.91% 03/31/03 848.18 CASH +1.79% 2074.74 +559.51% 04/16/03 879.91 BUY +0.06% 2075.91 +559.88% 04/23/03 919.02 CASH +4.44% 2168.18 +589.21% 09/08/03 1031.64 BUY +0.41% 2177.01 +592.02% 09/24/03 1009.38 CASH -2.16% 2130.04 +577.08% 10/29/03 1048.11 BUY +0.11% 2132.31 +577.81% 11/05/03 1051.81 CASH +0.35% 2139.84 +580.20% 11/21/03 1035.28 BUY +0.05% 2140.95 +580.55% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2003 SPX:+26.4% (-14.1% on 03/11/03) AAHUNTE:+10.6% (-7.5% on 01/24/03) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 02/03/04 1136.03 CASH +9.73% 2349.30 +646.78% 03/15/04 1104.49 BUY +0.11% 2351.98 +647.63% 03/18/04 1122.32 CASH +1.61% 2389.94 +659.70% 05/17/04 1084.10 BUY +0.17% 2394.07 +661.01% 06/03/04 1116.64 CASH +3.00% 2465.93 +683.85% 10/27/04 1125.40 BUY +0.68% 2482.58 +689.15% 12/14/04 1203.38 CASH +6.93% 2654.60 +743.83% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2004 SPX:+9.0% (-8.2% on 08/12/04) AAHUNTE:+15.6% (-2.3% on 01/28/04) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 03/29/05 1165.36 BUY +0.76% 2674.74 +750.23% 08/03/05 1245.04 CASH +6.84% 2857.62 +808.36% 10/26/05 1191.38 BUY +0.91% 2883.61 +816.63% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2005 SPX:+3.0% (-7.2% on 04/20/05) AAHUNTE:+13.7% (-4.5% on 04/20/05) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 01/05/06 1273.48 CASH +6.89% 3082.33 +879.79% 01/18/06 1277.93 BUY +0.14% 3086.74 +881.20% 05/08/06 1324.66 CASH +3.66% 3199.61 +917.07% 05/30/06 1259.84 BUY +0.30% 3209.34 +920.17% 08/08/06 1271.48 CASH +0.92% 3239.00 +929.59% 08/11/06 1266.74 BUY +0.06% 3241.08 +930.25% 09/01/06 1311.01 CASH +3.49% 3354.35 +966.26% 10/27/06 1377.34 BUY +0.82% 3381.97 +975.04% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2006 SPX:+13.6% (-7.7% on 06/13/06) AAHUNTE:+15.3% (-5.0% on 06/13/06) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 01/11/07 1423.82 CASH +3.37% 3496.10 +1011.32% 01/25/07 1423.90 BUY +0.19% 3502.72 +1013.42% 01/31/07 1438.24 CASH +1.01% 3537.99 +1024.64% 02/12/07 1433.37 BUY +0.17% 3543.97 +1026.54% 02/14/07 1455.30 CASH +1.53% 3598.19 +1043.77% 02/27/07 1399.04 BUY +0.17% 3604.28 +1045.71% 03/21/07 1435.04 CASH +2.57% 3697.02 +1075.19% 03/28/07 1417.23 BUY +0.11% 3700.93 +1076.43% 04/03/07 1437.77 CASH +1.45% 3754.57 +1093.48% 06/06/07 1517.38 BUY +0.93% 3789.47 +1104.57% 07/03/07 1524.87 CASH +0.49% 3808.18 +1110.52% 07/20/07 1534.10 BUY +0.25% 3817.87 +1113.60% 08/22/07 1464.07 CASH -4.56% 3643.59 +1058.20% 11/26/07 1407.22 BUY +1.38% 3693.72 +1074.14% 11/27/07 1428.23 CLOSE +1.49% 3748.87 +1091.67% - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2007 SPX:+0.7% (-10.1% on 11/26/07) AAHUNTE:+7.6% (-8.7% on 08/15/07) - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - ---------------------------------------- Results Summary ---------------------------------------- Starting Date: 11/05/90 Ending Date: 11/27/07 ---------------------------------------- SPX Buy And Hold Results: ---------------------------------------- Start: 314.59 End: 1428.23 Total Gain: +354.00% Maximum Drawdown: -49.15% on 10/09/02 CAR: +9.27% Ulcer Index: 16.57 Winning Years: 77.78% ---------------------------------------- Hold Cash Only Results: ---------------------------------------- Total Cash Gain: +109.29% CAR: +4.42% ---------------------------------------- Open Trade: ---------------------------------------- Current Position: BUY Current Trade Date: 11/26/07 Current Entry SPX: 1407.22 Current Trade Gain: +1.49% ---------------------------------------- Closed Trades: ---------------------------------------- Total Closed Trades: 44 (2.58/yr) Winning Trades: 88.64% Largest Gain: +41.09% Largest Loss: -5.24% Ave. Gain Per Trade: +5.24% Max. Drawdown (peaks): -11.19% on 04/14/00 Max. Drawdown (entry): -8.30% on 08/15/07 Max. Drawdown (real) : -5.24% on 06/03/02 Total Gain: +1091.67% CAR: +15.62% Percent Invested: 49.79% CAR While Invested: +28.60% Ulcer Index: 2.36 UI While Invested: 0.62 Winning Years: 94.44% ----------------------------------------