Daily Close 5 Day Moving Average 15 Day Moving Average Signal Position Price Gain/Loss Margin Balance
$/cwt $/cwt $/cwt $/cwt $
3-Jun-04 88.15 87.84 86.31
4-Jun-04 88.73 87.92 86.62  
7-Jun-04 89.55 88.28 86.96  
8-Jun-04 88.30 88.61 87.27  
9-Jun-04 88.75 88.70 87.57  
10-Jun-04 87.65 88.60 87.70  
14-Jun-04 86.73 88.20 87.72  
15-Jun-04 86.08 87.50 87.66 Sell
16-Jun-04 86.15 87.07 87.61   86.08 -0.08 -30 Sell at the open on the day after the signal
17-Jun-04 86.93 86.71 87.65   -0.85 -340
18-Jun-04 86.75 86.53 87.65   -0.67 -270
21-Jun-04 87.35 86.65 87.59   -1.27 -510
22-Jun-04 87.50 86.94 87.57   -1.43 -570
23-Jun-04 88.85 87.48 87.72   -2.77 -1110
24-Jun-04 89.65 88.02 87.81 Buy -3.58 -1430
25-Jun-04 89.38 88.55 87.89   89.40 -3.33 -1330 Bought at the open the day after the signal. A loss of $1330 + Commission
28-Jun-04 86.90 88.46 87.77  
29-Jun-04 88.12 88.58 87.67  
30-Jun-04 86.30 88.07 87.54  
1-Jul-04 86.72 87.48 87.40  
2-Jul-04 86.40 86.89 87.32 Sell
6-Jul-04 88.87 87.28 87.46   88.20 -0.67 -268 Sell at the open on the day after the signal
7-Jul-04 88.00 87.26 87.59   0.20 80
8-Jul-04 86.55 87.31 87.62   1.65 660
9-Jul-04 86.95 87.35 87.62   1.25 500
12-Jul-04 86.70 87.41 87.62   1.50 600
13-Jul-04 86.75 86.99 87.58   1.45 580
14-Jul-04 87.28 86.85 87.56   0.92 370
15-Jul-04 85.55 86.65 87.34   2.65 1060
16-Jul-04 85.40 86.34 87.06   2.80 1120
19-Jul-04 85.85 86.17 86.82   2.35 940
20-Jul-04 85.55 85.93 86.73   2.65 1060
21-Jul-04 87.13 85.90 86.67   1.08 430
22-Jul-04 90.12 86.81 86.92   -1.92 -768
23-Jul-04 89.30 87.59 87.09 Buy -1.10 -440
26-Jul-04 90.72 88.56 87.38   89.55 -1.35 -540 Bought at the open the day after the signal. A loss of $540 + Commission
27-Jul-04 90.95 89.64 87.52  
28-Jul-04 90.35 90.29 87.68  
29-Jul-04 89.45 90.15 87.87  
30-Jul-04 88.75 90.04 87.99  
2-Aug-04 88.50 89.60 88.11  
3-Aug-04 86.37 88.68 88.08  
4-Aug-04 87.50 88.11 88.10  
5-Aug-04 86.75 87.57 88.18 Sell
6-Aug-04 86.97 87.22 88.28   87.00 0.03 12.00 Sold on the open following the sell signal.
9-Aug-04 88.87 87.29 88.49   -1.87 -748.00
10-Aug-04 88.77 87.77 88.70   -1.77 -708.00
11-Aug-04 87.30 87.73 88.71   -0.30 -120.00
12-Aug-04 87.52 87.89 88.54   -0.52 -208.00
13-Aug-04 89.80 88.45 88.57   -2.80 -1120.00
16-Aug-04 89.35 88.55 88.48 Buy -2.35 -940.00
17-Aug-04 89.02 88.60 88.35   89.50 -2.50 -1000.00 Bought at the open the day after the signal. A loss of $1000 + Commission
18-Aug-04 88.67 88.87 88.24  
19-Aug-04 86.55 88.68 88.05  
20-Aug-04 86.27 87.97 87.88  
23-Aug-04 85.82 87.27 87.70 Sell
24-Aug-04 83.92 86.25 87.54   84.80 0.88 352.00 Sold on the open following the sell signal on Monday's close.
25-Aug-04 83.55 85.22 87.28   1.25 500.00
26-Aug-04 83.05 84.52 87.03   1.75 700.00
27-Aug-04 82.85 83.84 86.75   1.95 780.00
30-Aug-04 84.42 83.56 86.46   0.38 152.00
31-Aug-04 84.65 83.70 86.18   0.15 60.00
1-Sep-04 83.07 83.61 85.90   1.73 692.00
2-Sep-04 82.77 83.55 85.58   2.03 812.00
3-Sep-04 82.72 83.53 85.11   2.08 832.00
7-Sep-04 82.37 83.12 84.65   2.43 972.00
8-Sep-04 82.90 82.77 84.24   1.90 760.00
9-Sep-04 82.60 82.67 83.83   2.20 880.00
10-Sep-04 85.02 83.12 83.73   -0.22 -88.00
13-Sep-04 85.02 83.58 83.65   -0.22 -88.00
14-Sep-04 85.42 84.19 83.62 Buy -0.62 -248.00
15-Sep-04 85.70 84.75 83.74   85.55 -0.75 -300.00 Bought on the open at $85.55, lost $300 + commission,  and are now out of the market.
16-Sep-04 86.42 85.52 83.93  
17-Sep-04 85.45 85.60 84.09  
20-Sep-04 86.00 85.80 84.30  
21-Sep-04 86.65 86.04 84.45  
22-Sep-04 84.85 85.87 84.46  
23-Sep-04 84.15 85.42 84.54  
24-Sep-04 84.47 85.22 84.65  
27-Sep-04 83.80 84.78 84.72  
28-Sep-04 84.10 84.27 84.84 Sell
29-Sep-04 85.90 84.48 85.04   83.90 -2.00 -800.00 Sold on the open following the sell signal on Tuesday's close.
30-Sep-04 85.08 84.67 85.20   -1.18 -472.00
1-Oct-04 85.88 84.95 85.26   -1.97 -790.00
4-Oct-04 85.83 85.36 85.31 Buy -1.93 -770.00
5-Oct-04 86.18 85.77 85.36   85.55 -1.65 -660.00 Bought on the open at $85.55, lost $660 + commission,  and are now out of the market.
6-Oct-04 86.23 85.84 85.40  
7-Oct-04 85.45 85.91 85.33  
8-Oct-04 86.23 85.98 85.39  
11-Oct-04 86.40 86.10 85.41  
12-Oct-04 86.78 86.22 85.42