^NDXAVG - ^NDX     5/13/04 to 6/1/05

Performance Summary All Trades

Total Net Profit

$12,845.50

Open Position P/L

$0.00

Gross Profit

$23,585.25

Gross Loss

-$10,739.76

Total # Trades

57.00

Percent Profitable

63.2%

Number Winning Trades

36

Number Losing Trades

21

Largest Winning Trade

$1,298.25

Largest Losing Trade

-$1,509.25

Average Winning Trade

$655.15

Average Losing Trade

-$511.42

Ratio Avg Win/Avg Loser

$1.28

Avg Trade (Win & Los)

$225.36

Max Consec. Winners

7

Max Consec. Losers

4

Avg # Bars in Winners

1

Avg # Bars in Losers

1

Max Intraday Draw Down

-$1,624.75

Profit Factor

2.20

Max # Contracts Held

25

Account Size Req

$1,624.75

Return On Act

791.00%

Performance Summary Long Trades

Total Net Profit

$8,297.50

Open Position P/L

$0.00

Gross Profit

$12,802.75

Gross Loss

-$4,505.25

Total # Trades

$28.00

Percent Profitable

67.9%

Number Winning Trades

19

Number Losing Trades

9

Largest Winning Trade

$1,186.50

Largest Losing Trade

-$1,140.50

Average Winning Trade

$673.83

Average Losing Trade

-$500.58

Ratio Avg Win/Avg Loser

1.35

Avg Trade (Win & Los)

$296.34

Max Consec. Winners

7

Max Consec. Losers

1

Avg # Bars in Winners

1

Avg # Bars in Losers

1

Max Intraday Draw Down

-$1,624.75

Profit Factor

2.84

Max # Contracts Held

25

Account Size Req

$1,624.75

Return On Act

511.00%

Performance Summary Short Trades

Total Net Profit

$4,548.00

Open Position P/L

$0.00

Gross Profit

$10,782.50

Gross Loss

-$6,234.50

Total # Trades

29

Percent Profitable

58.6%

Number Winning Trades

17

Number Losing Trades

12

Largest Winning Trade

$1,298.25

Largest Losing Trade

-$1,509.25

Average Winning Trade

$634.26

Average Losing Trade

-$519.54

Ratio Avg Win/Avg Loser

1.22

Avg Trade (Win & Los)

$156.83

Max Consec. Winners

5

Max Consec. Losers

4

Avg # Bars in Winners

1

Avg # Bars in Losers

1

Max Intraday Draw Down

-$1,451.25

Profit Factor

1.73

Max # Contracts Held

25

Account Size Req

$1,451.25

Return On Act

313.00%