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TRADING SYSTEM UPDATE

|Includes: EWC, EWD, EWH, EWM, EWS, EWY, SPDR Gold Trust ETF (GLD), ILF, IYT, PGJ

                          Long since:
GLD up 63%       12/26/2008
EWM up 92%       4/14/2009
EWS up 103%     4/21/2009
EWD up 23%       7/16/2010
EWY up 27%       7/29/2010
EWH  up 26%      7/29/2010
PGJ up 14%        8/3/2010
EWC up 14%       9/13/2010
ILF up 15%          8/03/2010
IYT up 17%          9/14/2010

Since June 5, 2000 system is up 315%
Annualized gain 14.34%