^IXICAVG - ^IXIC     5/13/04 to 5/31/05

Performance Summary All Trades

Total Net Profit

$10,449.98

Open Position P/L

$0.00

Gross Profit

$25,905.98

Gross Loss

-$15,456.00

Total # Trades

54.00

Percent Profitable

63.0%

Number Winning Trades

34

Number Losing Trades

20

Largest Winning Trade

$1,643.25

Largest Losing Trade

-$1,967.00

Average Winning Trade

$761.94

Average Losing Trade

-$772.80

Ratio Avg Win/Avg Loser

$0.99

Avg Trade (Win & Los)

$193.52

Max Consec. Winners

5

Max Consec. Losers

3

Avg # Bars in Winners

1

Avg # Bars in Losers

1

Max Intraday Draw Down

-$1,866.25

Profit Factor

1.68

Max # Contracts Held

25

Account Size Req

$1,866.25

Return On Act

605.00%

Performance Summary Long Trades

Total Net Profit

$6,906.49

Open Position P/L

$0.00

Gross Profit

$12,258.50

Gross Loss

-$5,352.01

Total # Trades

$26.00

Percent Profitable

69.2%

Number Winning Trades

18

Number Losing Trades

8

Largest Winning Trade

$1,542.50

Largest Losing Trade

-$1,610.25

Average Winning Trade

$681.03

Average Losing Trade

-$669.00

Ratio Avg Win/Avg Loser

1.02

Avg Trade (Win & Los)

$265.63

Max Consec. Winners

5

Max Consec. Losers

2

Avg # Bars in Winners

1

Avg # Bars in Losers

1

Max Intraday Draw Down

-$1,728.50

Profit Factor

2.29

Max # Contracts Held

25

Account Size Req

$1,728.50

Return On Act

400.00%

Performance Summary Short Trades

Total Net Profit

$3,543.49

Open Position P/L

$0.00

Gross Profit

$13,647.48

Gross Loss

-$10,104.00

Total # Trades

28

Percent Profitable

57.1%

Number Winning Trades

16

Number Losing Trades

12

Largest Winning Trade

$1,643.25

Largest Losing Trade

-$1,967.00

Average Winning Trade

$852.97

Average Losing Trade

-$842.00

Ratio Avg Win/Avg Loser

1.01

Avg Trade (Win & Los)

$126.55

Max Consec. Winners

3

Max Consec. Losers

3

Avg # Bars in Winners

1

Avg # Bars in Losers

1

Max Intraday Draw Down

-$1,866.25

Profit Factor

1.35

Max # Contracts Held

25

Account Size Req

$1,866.25

Return On Act

190.00%