Russell 2000 Stock Index

860

850

840

830

820

810

800

790

780

770

760

750

740

730

720
Chart Legend 710
S/T Bear Trend 831.59 S/T Bull Trend #N/A N/A
700
L/T Bear Trend 846.10 L/T Bull Trend #N/A N/A
690
20-Day Moving Average 818.55
680
50-Day Moving Average 803.30

50.0
Bull Trend Bear Trend 40.0
30.0
20.0
10.0
0.0
-10.0
-20.0
-30.0
-40.0
12-Nov-10 29-Nov-10 13-Dec-10 28-Dec-10 11-Jan-11 26-Jan-11 9-Feb-11 24-Feb-11 10-Mar-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.

3/10/2011
 S&P 500 Stock Index
1,360

1,350

1,340

1,330

1,320

1,310

1,300

1,290

1,280

1,270

1,260

1,250

1,240

1,230

1,220

1,210

1,200
Chart Legend
S/T Bear Trend 1339.27 S/T Bull Trend #N/A N/A 1,190

L/T Bear Trend L/T Bull Trend #N/A N/A 1,180

1363.16
1,170
20-Day Moving Average 1321.17
1,160
50-Day Moving Average 1300.90

60.0
Bull Trend Bear Trend 50.0
40.0
30.0
20.0
10.0
0.0
-10.0
-20.0
-30.0
-40.0
-50.0
12-Nov-10 29-Nov-10 13-Dec-10 28-Dec-10 11-Jan-11 26-Jan-11 9-Feb-11 24-Feb-11 10-Mar-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.

3/10/2011
 NASDAQ Stock Index
2,900
2,880
2,860
2,840
2,820
2,800
2,780
2,760
2,740
2,720
2,700
2,680
2,660
2,640
2,620
2,600
2,580
2,560
2,540
Chart Legend 2,520
S/T Bear Trend 2813.59 S/T Bull Trend #N/A N/A
2,500
L/T Bear Trend 2867.90 L/T Bull Trend #N/A N/A 2,480

20-Day Moving Average 2776.38 2,460

2,440
50-Day Moving Average 2744.97

150.0
Bull Trend Bear Trend
100.0

50.0

0.0

-50.0

-100.0
12-Nov-10 29-Nov-10 13-Dec-10 28-Dec-10 11-Jan-11 26-Jan-11 9-Feb-11 24-Feb-11 10-Mar-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.

3/10/2011
 MSCI European Index
940

930

920

910

900

890

880

870

860

850

840

Chart Legend
S/T Bear Trend 911.40 S/T Bull Trend #N/A N/A 830

L/T Bear Trend 920.86 L/T Bull Trend #N/A N/A 820
20-Day Moving Average 910.67
810
50-Day Moving Average 901.31

60.0
Bull Trend Bear Trend
40.0

20.0

0.0

-20.0

-40.0

-60.0

-80.0
18-Nov-10 2-Dec-10 16-Dec-10 30-Dec-10 13-Jan-11 27-Jan-11 10-Feb-11 24-Feb-11 10-Mar-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.

3/10/2011