Russell 2000 Stock Index

820

800

780

760

740

720

700

680

660
Chart Legend
S/T Bear Trend #N/A N/A S/T Bull Trend 779.62

L/T Bear Trend L/T Bull Trend 772.06 640

#N/A N/A

20-Day Moving Average 792.79

620
50-Day Moving Average 762.95

50.0
Bull Trend Bear Trend 40.0
30.0
20.0
10.0
0.0
-10.0
-20.0
-30.0
-40.0
23-Sep-10 7-Oct-10 21-Oct-10 4-Nov-10 18-Nov-10 3-Dec-10 17-Dec-10 3-Jan-11 18-Jan-11

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or
financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters,
needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or
short) in investments discussed. Please click for detailed disclosures and additional information about our stock ratings and scoring.

1/18/2011
 S&P 500 Stock Index
1,300

1,280

1,260

1,240

1,220

1,200

1,180

1,160

1,140
Chart Legend
S/T Bear Trend #N/A N/A S/T Bull Trend 1268.50

L/T Bear Trend L/T Bull Trend 1255.44 1,120

#N/A N/A

20-Day Moving Average 1268.65

1,100
50-Day Moving Average 1235.15

80.0
Bull Trend Bear Trend
60.0

40.0

20.0

0.0

-20.0

-40.0

-60.0
23-Sep-10 7-Oct-10 21-Oct-10 4-Nov-10 18-Nov-10 3-Dec-10 17-Dec-10 3-Jan-11 18-Jan-11

Disclosure: This material is provided for information only and is not intended as a recommendation or an offer or solicitation for the purchase or sale of any security or
financial instrument. This material is not a complete analysis of all material facts respecting any issuer, industry or security or of your investment objectives, parameters,
needs or financial situation, and therefore is not a sufficient basis alone on which to base an investment decision. Horowitz & Company clients may hold positions (long or
short) in investments discussed. Please click for detailed disclosures and additional information about our stock ratings and scoring.

1/18/2011