Russell 2000 Stock Index

820

800

780

760

740

720

700

680

660
Chart Legend
S/T Bear Trend 810.29 S/T Bull Trend #N/A N/A

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

#N/A N/A

20-Day Moving Average 792.17

620
50-Day Moving Average 765.98

40.0
Bull Trend Bear Trend 30.0
20.0
10.0
0.0
-10.0
-20.0
-30.0
-40.0
28-Sep-10 12-Oct-10 26-Oct-10 9-Nov-10 23-Nov-10 8-Dec-10 22-Dec-10 6-Jan-11 21-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.

1/21/2011
 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 1269.00

L/T Bear Trend L/T Bull Trend 1256.61 1,120

#N/A N/A

20-Day Moving Average 1273.32

1,100
50-Day Moving Average 1238.98

80.0
Bull Trend Bear Trend
60.0

40.0

20.0

0.0

-20.0

-40.0

-60.0
28-Sep-10 12-Oct-10 26-Oct-10 9-Nov-10 23-Nov-10 8-Dec-10 22-Dec-10 6-Jan-11 21-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.

1/21/2011