Transactions, High Risk Table -- WINNING INVESTMENTS with EXCHANGE-TRADED ETFs -- Advanced Stock Selection and Stock Market Timing by Copernicus

WINNING INVESTMENTS with EXCHANGE-TRADED FUNDS

Table 1

Hypothetical Trades under Prescribed Conditions *
2.5 Years from April 19, 2002 to October 15, 2004

		Price		$	%	cumul	duration
Entry	Exit	Entry	Exit	Gain	Gain	%Gain	weeks
10/18/2002	12/20/2002	98.52	101.59	3.07	3.1	1.6	9
1/10/2003	1/17/2003	101.59	97.22	-4.36	-4.3	-2.8	1
2/28/2003	7/11/2003	97.22	144.00	46.78	48.1	44.0	19
8/22/2003	11/14/2003	144.00	160.95	16.96	11.8	61.0	12
12/5/2003	3/12/2004	160.95	168.60	7.64	4.7	68.6	14
6/18/2004	7/9/2004	168.60	166.92	-1.68	-1.0	66.9	3
8/27/2004	10/15/2004	166.92	188.83	21.91	13.1	88.8	7

Start April 19, 2002 value 100.00

End October 15, 2004 value 188.83

* See Alternative Applications Row 9 and PrescribedConditions

Period 130 weeks; time invested 65 weeks
(50% of period covered), 2 to 3 trades per year
with 2 to 3 rank changes per trade
dividends, interest, transaction costs exluded

Uses Friday's closing prices; Monday's
openings may produce different results
70% of trades profitable
average gain four times average loss

The last trade was still open as of December 22, 2004