[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: Hulbert's ratings

PureBytes Links

Trading Reference Links

 
FYI  -  Someone sent me the latest Hulbert's newsletters ratings.  Make's`you wonder about the industry.

Jerry Rehert
<x-html><HTML>
<HEAD>
<META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252">
<META NAME="Generator" CONTENT="Microsoft Word 97">
<META NAME="Template" CONTENT="C:\PROGRAM FILES\MICROSOFT OFFICE\OFFICE\html.dot">
</HEAD>
<BODY LINK="#0000ff" VLINK="#800080" BGCOLOR="#ffffff">

<P><!doctype html public "-//w3c//dtd html 4.0 transitional//en"> <HR WIDTH="90%" SIZE=4></P>
<BLOCKQUOTE>&nbsp; </BLOCKQUOTE>
<P ALIGN="CENTER"><CENTER><TABLE BORDER CELLSPACING=1 CELLPADDING=2 WIDTH=563>
<TR><TD WIDTH="101%" VALIGN="MIDDLE" COLSPAN=6 HEIGHT=13>
<P ALIGN="CENTER"><B><FONT FACE="Arial" SIZE=2>Table 1: Newsletter performance 1987 to 1998</B></FONT></TD>
</TR>
<TR><TD WIDTH="101%" VALIGN="MIDDLE" COLSPAN=6 HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P>Newsletter</B></FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Returns</B></FONT></TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Risk</B></FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Period 1</B></FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Period 2</B></FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">Period 3</B></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=39><P></P></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=39>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">8/87 to 8/98</FONT> <BR>
<FONT FACE="Arial" SIZE=2>(annualized)</FONT> <BR>
<FONT FACE="Arial" SIZE=2>(in percent)</FONT></TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=39>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">(as percent of Wilshire 5000)</FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=39>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">8-31-87 to</FONT> <BR>
<FONT FACE="Arial" SIZE=2>11/30/87</FONT> <BR>
<FONT FACE="Arial" SIZE=2>(in percent)</FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=39>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">6-30-90 to</FONT> <BR>
<FONT FACE="Arial" SIZE=2>10/31/90</FONT> <BR>
<FONT FACE="Arial" SIZE=2>(in percent)</FONT></TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=39>
<FONT FACE="Arial" SIZE=2><P ALIGN="CENTER">6-30-98 to</FONT> <BR>
<FONT FACE="Arial" SIZE=2>8/31/98</FONT> <BR>
<FONT FACE="Arial" SIZE=2>(in percent)</FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>The Addison Report</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>6.0&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>76.2&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.7)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(5.7)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>BI Research</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>10.5&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>166.3&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(41.7)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(19.9)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>The Big Picture</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>5.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>106.9&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(24.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(19.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Bob Brinker's Marketimer</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.7&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>94.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(33.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(9.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Cabot Market Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>2.5&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>168.0&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(17.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(15.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(31.2)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>California Technology Stock Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>1.6&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>177.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(4.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(43.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>The Chartist</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>13.9&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>127.9&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(12.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(11.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Dines Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(10.5)</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>144.6&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(30.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(34.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Dow Theory Forecasts</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>8.0&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>86.6&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(29.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(12.2)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Equities Special Situations</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>3.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>143.9&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(27.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(28.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Fabian Premium Investment Resource</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>6.6&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>71.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(15.7)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(3.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>0.8&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Fidelity Monitor</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>12.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>95.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(30.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(7.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(12.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2><P>FundAdvice.com</B></FONT> <BR>
<FONT FACE="Arial" SIZE=2>(formerly <B><I>Fund Exchange</B></I>)</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>8.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>46.2&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(0.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(2.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(7.8)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Fundline</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>13.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>101.5&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(29.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(18.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(7.1)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Granville Market Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(19.0)</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>460.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(78.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>8.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(27.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Growth Fund Guide</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(1.0)</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>72.6&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(2.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(12.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Growth Stock Outlook</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>6.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>23.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(4.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>0.1&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(2.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>The Insiders</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>11.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>134.2&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(35.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(31.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.3)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>International Harry Schultz Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>4.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>74.3&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(18.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(3.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>InvesTech Research Market Analyst</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>6.0&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>37.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(2.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>2.5&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(1.0)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>InvesTech Research Mutual Fund Advisor</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>6.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>37.0&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(6.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>2.5&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(1.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Investment Quality Trends</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>12.7&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>70.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>0.3&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Investment Reporter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>10.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>107.9&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(11.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Investors Intelligence</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.7&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>54.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>0.5&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(12.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(2.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Investors World</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>9.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>106.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(30.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(20.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(22.2)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Kinsman's Stock Pattern Recognition</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>3.3&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>60.2&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(10.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(1.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(24.0)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>LaLoggia's Special Situation Report</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>3.9&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>105.1&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(35.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(3.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(22.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>MPT Review</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>15.5&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>187.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(43.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(23.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(24.3)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Margo's Small Stocks</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>5.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>130.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(20.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(33.0)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Market Logic</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>6.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>83.5&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(26.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(28.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(6.7)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Medical Technology Stock Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>(4.6)</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>331.1&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(51.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(26.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(57.7)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Moneyletter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>78.6&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(22.7)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(6.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.2)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Mutual Fund Forecaster</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>8.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>104.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(30.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(20.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(17.7)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Mutual Fund Investing</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>44.2&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(9.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(3.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(7.8)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Mutual Fund Letter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>47.1&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(15.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(3.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(8.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Mutual Fund Strategist</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>8.7&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>97.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(0.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>4.3&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>New Issues</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>13.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>147.5&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(35.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(24.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(24.1)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>No-Load Fund Investor</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>8.9&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>74.3&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(25.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(8.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>**NoLoad Fund*X</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>9.7&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>98.9&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(27.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(15.3)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>OTC Insight</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>19.8&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>237.6&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(41.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(33.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(24.1)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Option Advisor</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>(5.2)</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>234.3&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>26.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(30.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(6.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>The Outlook</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>6.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>78.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(28.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.9)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Personal Finance</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>55.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(19.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(8.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(4.8)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Peter Dag Portfolio Strategy</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>9.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>62.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(2.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>2.0&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(15.7)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Professional Tape Reader</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>1.0&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>40.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(3.6)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>0.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>9.6&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Professional Timing Service</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>2.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>47.3&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(19.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>4.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>0.4&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Prudent Speculator</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>7.9&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>244.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(64.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(50.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(48.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Ruff Times</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>(0.4)</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>105.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(30.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(0.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(34.9)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Sector Funds Newsletter</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>5.2&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>102.7&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(10.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(21.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Stockmarket Cycles</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>4.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>70.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(19.7)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>2.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>8.9&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Switch Fund Timing</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>4.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>57.0&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>18.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>2.3&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(7.5)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Systems and Forecasts</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>11.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>56.0&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(4.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(6.2)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>3.0&nbsp;</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>United &amp; Babson Inv. Report</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>3.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>83.6&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(27.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(12.6)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Value Line Convertibles Survey</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>11.6&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>92.2&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(18.0)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(20.5)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(14.3)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Value Line Investment Survey</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>8.6&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>112.8&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(33.3)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(20.8)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Value Line OTC Special Situations</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>3.6&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>166.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(43.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(21.1)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(26.9)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Wall Street Digest</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>0.1&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>124.4&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(42.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(13.9)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(7.0)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="101%" VALIGN="MIDDLE" COLSPAN=6 HEIGHT=13>
<B><FONT FACE="Arial" SIZE=2 COLOR="#ff0000"><P>BENCHMARKS</B></FONT></TD>
</TR>
<TR><TD WIDTH="43%" VALIGN="MIDDLE" HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Wilshire 5000 Value Weighted Total Return Index</FONT></TD>
<TD WIDTH="12%" VALIGN="MIDDLE" HEIGHT=13>
<P ALIGN="CENTER"><div align=right><FONT FACE="Arial" SIZE=2>12.4&nbsp;</div></FONT> </TD>
<TD WIDTH="13%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>100.0&nbsp;</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(29.8)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(16.4)</div></FONT> </TD>
<TD WIDTH="11%" VALIGN="MIDDLE" HEIGHT=13>
<P><div align=right><FONT FACE="Arial" SIZE=2>(17.4)</div></FONT> </TD>
</TR>
<TR><TD WIDTH="101%" VALIGN="MIDDLE" COLSPAN=6 HEIGHT=13><P></P></TD>
</TR>
<TR><TD WIDTH="101%" VALIGN="MIDDLE" COLSPAN=6 HEIGHT=13>
<FONT FACE="Arial" SIZE=2><P>Source: The Hulbert Financial Digest. Copyright 1998</FONT></TD>
</TR>
</TABLE>
</CENTER></P>

<P ALIGN="CENTER"></P></BODY>
</HTML>
</x-html>From ???@??? Tue Jun 06 05:53:41 2000
Return-Path: <listmanager@xxxxxxxxxxxxxxx>
Received: from mail.pajo.com (mail.pajo.com [216.116.96.4])
	by purebytes.com (8.9.3/8.9.3) with ESMTP id UAA25027
	for <neal@xxxxxxxxxxxxx>; Mon, 5 Jun 2000 20:37:53 -0700
Received: from REALTRADERS.COM ([208.179.56.198])
	by mail.pajo.com (8.9.1a/8.9.0) with ESMTP id UAA04129;
	Mon, 5 Jun 2000 20:41:30 -0700
Received: from mta4.rcsntx.swbell.net by realtraders.com
	with SMTP (MDaemon.v3.0.3.R)
	for <realtraders@xxxxxxxxxxxxxxx>; Mon, 05 Jun 2000 20:27:11 -0700
Received: from winb300 ([208.191.184.118]) by mta4.rcsntx.swbell.net
 (Sun Internet Mail Server sims.3.5.2000.01.05.12.18.p9)
 with SMTP id <0FVP009ENR5OUZ@xxxxxxxxxxxxxxxxxxxxxx> for
 realtraders@xxxxxxxxxxxxxxx; Mon,  5 Jun 2000 22:32:16 -0500 (CDT)
Date: Mon, 05 Jun 2000 22:31:39 -0500
From: Clyde Lee <clydelee@xxxxxxx>
Subject: [RT] Re: Gen:FFT Spx
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: swingmachine <swingmachine@xxxxxxxxxxx>
Reply-to: Clyde Lee <clydelee@xxxxxxx>
Message-id: <00d001bfcf67$ba3e7620$76b8bfd0@xxxxxxx>
Organization: SYTECH Corporation
MIME-version: 1.0
X-Mailer: Microsoft Outlook Express 5.50.4029.2901
Content-type: multipart/mixed;
 boundary="----=_NextPart_000_00C9_01BFCF3D.D0D15E40"
X-MSMail-Priority: Normal
X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4029.2901
References: <20000605.224721.-3844555.0.rmac@xxxxxxxx>
X-Priority: 3
X-MDaemon-Deliver-To: realtraders@xxxxxxxxxxxxxxx
X-Return-Path: clydelee@xxxxxxx
X-MDRcpt-To: realtraders@xxxxxxxxxxxxxxx
Sender: listmanager@xxxxxxxxxxxxxxx
Precedence: bulk
X-MDMailing-List: realtraders@xxxxxxxxxxxxxxx
X-MDSend-Notifications-To: listmanager@xxxxxxxxxxxxxxx
Status:   

I'm not sure how Ron scales his Fourier components or
how many bars of data he uses for his calculations.

Attached is an attempt to compare his work with that
which can be accomplished with the old DOS version
of SwingMachine.

I've attempted to scale these plots to about the same
but it ain't perfect as you can see.

The SwingMachine projections are scaled EXACTLY
the same as the data and represent potential price
points +/- the deviation you see in the historical data.
These projections are for the CLOSE (not h/l).

You will observe that the inflection points are almost
identical -- simply says that analytics by different
methods can come to similar if not identical solutions.

Clyde


- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
Clyde Lee   Chairman/CEO       (Home of SwingMachine)
SYTECH Corporation             email:   <clydelee@xxxxxxx>
7910 Westglen, Suite 105       Work:    (713) 783-9540
Houston,  TX  77063            Fax:     (713) 783-1092
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
To subscribe / unsubscribe from SwingMachine list
http://www.egroups.com/list/swingmachine/

After joining list the freeware SwingMachine program
(DOS Version) is available in the  VAULT  at:
http://www.egroups.com/list/swingmachine/
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

----- Original Message -----
From: "Ronald McEwan" <rmac@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, June 05, 2000 21:47
Subject: [RT] Gen:FFT Spx


> I updated the Fast Fourier Cycle Analysis of the S&P 500 and labeled
the
> projected turning points. One of the members was kind enough to remind
me
> that I should always tell you that these are not specific trading
> recommendations and only for informational purposes. I think I am
covered
> now?
>
> Ron McEwan


Attachment Converted: "f:\eudora\attach\junk4.tif"