Long Trades Only

Moneyflow OTC (MOTC) Market Timing System Backtest

Market Timing vs. Buy and Hold ~ Jan. 18, 1963 - Jun. 27, 2008

NASDAQ Composite Index (OTC) Model Portfolio

(Benchmark index, proxy for many managed stock funds and ONEQ.)

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Buy And Hold Results:

Start: 31.09
End: 2315.63
Total Gain: +7348.15%
Maximum Drawdown: -77.93% on 10/09/02
CAR: +9.95%
Ulcer Index: 28.86%
Winning Years: 69.57%

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CAR = Compound Annualized Return -- Standard mathematician formula for calculating returns.

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Market Timing System Results:

Total Closed Trades:         59 (1.30/yr)

Winning Trades:           77.59%

Largest Gain:            +69.55%

Largest Loss:             -5.58%

Ave. Gain Per Trade:     +13.41%

Max. Drawdown (peaks):   -14.94% on 09/12/00

Max. Drawdown (entry):    -4.86% on 08/22/73

Max. Drawdown (real) :    -5.58% on 08/03/98

Total Gain:            +326072.61%

CAR:                     +19.49%

Percent Invested:         60.02%

CAR While Invested:      +28.71%

Ulcer Index:               4.40%

UI While Invested:         0.37%

Winning Years:            97.83%

See year by year results below.

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LINKS:

Long and Short Signal Backtest: http://www.moneyflow.com/MOTCs.htm

Return to Moneyflow OTC (NASDAQ Composite) System: http://www.moneyflow.com/mfotc.htm

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DATE INDEX SIGNAL TRADE ACCOUNT GAIN

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01/28/63 31.09 BUY 31.09

11/26/63 34.28 CASH +10.26% 34.28 +10.26%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1963 OTC:+14.6% (-5.4% on 11/26/63) MOTC:+10.7% (-4.5% on 11/26/63)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/07/64 36.59 BUY +0.43% 34.43 +10.73%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1964 OTC:+23.1% (-2.7% on 12/10/64) MOTC:+20.0% (-2.7% on 12/10/64)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

06/09/65 47.58 CASH +30.04% 44.77 +43.99%

08/12/65 49.88 BUY +0.79% 45.12 +45.12%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1965 OTC:+30.1% (-13.2% on 06/29/65) MOTC:+25.1% (-8.4% on 06/09/65)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

03/09/66 58.25 CASH +16.78% 52.69 +69.48%

11/02/66 53.19 BUY +3.72% 54.65 +75.79%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1966 OTC:-1.5% (-20.8% on 10/10/66) MOTC:+11.9% (-4.0% on 03/09/66)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1967 OTC:+54.0% (-7.7% on 11/20/67) MOTC:+54.0% (-7.7% on 11/20/67)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

02/13/68 81.53 CASH +53.28% 83.77 +169.45%

04/04/68 85.66 BUY +0.80% 84.44 +171.61%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1968 OTC:+20.6% (-8.8% on 03/06/68) MOTC:+15.7% (-6.3% on 08/05/68)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/09/69 100.59 CASH +17.43% 99.16 +218.95%

09/19/69 93.98 BUY +5.20% 104.32 +235.53%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1969 OTC:-0.8% (-18.4% on 07/31/69) MOTC:+11.7% (-6.7% on 12/18/69)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/29/70 99.78 CASH +6.17% 110.75 +256.24%

08/28/70 77.27 BUY +4.89% 116.17 +273.65%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1970 OTC:-13.7% (-37.1% on 05/27/70) MOTC:+16.8% (-6.3% on 01/29/70)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

06/21/71 105.49 CASH +36.52% 158.59 +410.11%

12/13/71 109.07 BUY +2.69% 162.86 +423.84%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1971 OTC:+27.7% (-10.8% on 11/23/71) MOTC:+26.8% (-6.2% on 06/21/71)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1972 OTC:+17.2% (-6.2% on 05/09/72) MOTC:+17.2% (-6.2% on 05/09/72)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/24/73 129.76 CASH +18.97% 193.76 +523.21%

07/18/73 106.52 BUY +3.41% 200.36 +544.45%

11/05/73 106.29 CASH -0.22% 199.93 +543.06%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1973 OTC:-31.1% (-35.2% on 12/24/73) MOTC:+1.6% (-7.3% on 08/22/73)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

10/11/74 61.73 BUY +9.53% 218.98 +604.35%

11/19/74 60.75 CASH -1.59% 215.51 +593.17%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1974 OTC:-35.1% (-43.2% on 10/03/74) MOTC:+7.4% (-8.9% on 11/19/74)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/10/75 63.34 BUY +1.27% 218.24 +601.98%

08/01/75 80.98 CASH +27.85% 279.03 +797.48%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1975 OTC:+29.8% (-16.2% on 09/16/75) MOTC:+31.6% (-8.0% on 08/01/75)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/06/76 80.99 BUY +2.72% 286.62 +821.90%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1976 OTC:+26.1% (-5.6% on 06/09/76) MOTC:+20.9% (-5.6% on 06/09/76)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1977 OTC:+7.3% (-6.4% on 11/03/77) MOTC:+7.3% (-6.4% on 11/03/77)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/09/78 99.58 CASH +22.95% 352.41 +1033.51%

04/10/78 108.44 BUY +1.70% 358.41 +1052.81%

10/18/78 127.22 CASH +17.32% 420.48 +1252.46%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1978 OTC:+12.3% (-20.4% on 11/14/78) MOTC:+15.4% (-8.6% on 10/18/78)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/05/79 121.92 BUY +2.15% 429.51 +1281.51%

10/10/79 140.09 CASH +14.90% 493.52 +1487.39%

11/30/79 143.86 BUY +1.96% 503.22 +1518.58%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1979 OTC:+28.1% (-12.9% on 10/23/79) MOTC:+23.2% (-8.0% on 10/10/79)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

03/05/80 148.64 CASH +3.32% 519.94 +1572.36%

05/07/80 143.26 BUY +2.85% 534.77 +1620.08%

12/08/80 195.07 CASH +36.17% 728.17 +2242.15%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1980 OTC:+33.9% (-24.9% on 03/27/80) MOTC:+39.5% (-10.1% on 03/05/80)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

03/20/81 207.62 BUY +4.67% 762.20 +2351.59%

07/02/81 209.10 CASH +0.71% 767.63 +2369.06%

10/30/81 197.25 BUY +5.50% 809.87 +2504.92%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1981 OTC:-3.2% (-21.7% on 09/28/81) MOTC:+9.1% (-6.4% on 07/02/81)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/11/82 187.32 CASH -5.03% 769.10 +2373.78%

04/08/82 180.89 BUY +3.43% 795.48 +2458.64%

05/26/82 178.37 CASH -1.39% 784.40 +2422.99%

08/24/82 174.93 BUY +3.20% 809.51 +2503.76%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1982 OTC:+18.7% (-18.7% on 08/13/82) MOTC:+33.8% (-6.3% on 12/16/82)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

07/29/83 302.08 CASH +72.69% 1397.91 +4396.33%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1983 OTC:+19.9% (-18.0% on 11/08/83) MOTC:+35.2% (-8.2% on 07/29/83)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

08/03/84 249.27 BUY +10.07% 1538.65 +4849.02%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1984 OTC:-11.2% (-21.7% on 07/25/84) MOTC:+5.0% (-6.9% on 12/13/84)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

09/13/85 285.38 CASH +14.49% 1761.54 +5565.95%

11/08/85 302.31 BUY +1.22% 1783.02 +5635.01%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1985 OTC:+31.4% (-10.0% on 10/08/85) MOTC:+25.5% (-7.3% on 09/13/85)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

07/08/86 393.39 CASH +30.13% 2320.20 +7362.86%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1986 OTC:+7.4% (-16.4% on 09/16/86) MOTC:+24.6% (-4.3% on 07/08/86)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/06/87 372.49 BUY +2.98% 2389.30 +7585.11%

04/14/87 416.32 CASH +11.77% 2670.45 +8489.40%

08/10/87 449.36 BUY +2.19% 2729.03 +8677.82%

10/12/87 434.81 CASH -3.24% 2640.66 +8393.60%

12/18/87 328.67 BUY +1.45% 2678.88 +8516.54%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1987 OTC:-5.3% (-35.9% on 10/28/87) MOTC:+12.8% (-6.4% on 10/12/87)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

08/10/88 379.11 CASH +15.35% 3090.00 +9838.89%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1988 OTC:+15.4% (-7.8% on 11/21/88) MOTC:+18.6% (-5.3% on 05/23/88)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

01/30/89 401.30 BUY +4.07% 3215.91 +10243.88%

10/17/89 463.28 CASH +15.44% 3712.60 +11841.47%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1989 OTC:+19.3% (-10.6% on 12/19/89) MOTC:+18.2% (-5.1% on 10/16/89)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

05/17/90 448.31 BUY +4.85% 3892.83 +12421.16%

07/23/90 442.56 CASH -1.28% 3842.90 +12260.57%

11/14/90 354.46 BUY +2.57% 3941.65 +12578.20%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1990 OTC:-17.8% (-30.7% on 10/16/90) MOTC:+10.1% (-5.8% on 07/23/90)

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06/24/91 473.30 CASH +33.53% 5263.17 +16828.83%

08/14/91 515.67 BUY +0.87% 5308.71 +16975.29%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

1991 OTC:+56.8% (-7.5% on 06/26/91) MOTC:+45.2% (-9.9% on 08/19/91)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

03/27/92 602.07 CASH +16.75% 6198.18 +19836.24%

09/14/92 587.86 BUY +1.74% 6305.86 +20182.58%

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1992 OTC:+15.5% (-15.1% on 06/26/92) MOTC:+20.3% (-8.7% on 10/05/92)

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02/17/93 662.45 CASH +12.69% 7105.97 +22756.12%

05/26/93 704.59 BUY +0.87% 7167.68 +22954.62%

11/22/93 746.82 CASH +5.99% 7597.28 +24336.41%

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1993 OTC:+14.7% (-8.9% on 04/26/93) MOTC:+5.0% (-8.4% on 06/23/93)

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08/25/94 762.94 BUY +3.07% 7830.53 +25086.64%

11/22/94 736.70 CASH -3.44% 7561.21 +24220.39%

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1994 OTC:-3.2% (-13.7% on 06/24/94) MOTC:-0.2% (-5.4% on 11/22/94)

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01/18/95 768.55 BUY +0.94% 7632.22 +24448.79%

10/04/95 1014.20 CASH +31.96% 10071.69 +32295.26%

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1995 OTC:+39.9% (-7.9% on 10/10/95) MOTC:+34.2% (-5.3% on 07/19/95)

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02/02/96 1083.34 BUY +1.90% 10263.02 +32910.68%

06/20/96 1175.44 CASH +8.50% 11135.53 +35717.08%

09/13/96 1193.96 BUY +1.30% 11279.83 +36181.21%

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1996 OTC:+22.7% (-16.6% on 07/24/96) MOTC:+19.4% (-5.9% on 06/20/96)

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02/28/97 1311.18 CASH +9.82% 12387.25 +39743.21%

05/05/97 1328.30 BUY +0.98% 12509.25 +40135.62%

10/27/97 1600.34 CASH +20.48% 15071.19 +48376.00%

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1997 OTC:+21.6% (-14.1% on 12/24/97) MOTC:+24.8% (-8.3% on 10/27/97)

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02/02/98 1666.34 BUY +1.47% 15293.23 +49090.19%

05/26/98 1781.10 CASH +6.89% 16346.47 +52477.89%

06/26/98 1891.08 BUY +0.50% 16428.48 +52741.68%

08/04/98 1788.20 CASH -5.44% 15534.72 +49866.95%

10/19/98 1639.19 BUY +1.13% 15710.17 +50431.25%

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1998 OTC:+39.6% (-29.5% on 10/08/98) MOTC:+38.0% (-11.7% on 08/04/98)

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05/25/99 2427.18 CASH +48.07% 23262.35 +74722.60%

06/21/99 2580.26 BUY +0.35% 23343.74 +74984.39%

07/26/99 2679.33 CASH +3.84% 24240.03 +77867.28%

08/13/99 2645.28 BUY +0.29% 24310.15 +78092.82%

10/18/99 2688.18 CASH +1.62% 24704.40 +79360.91%

11/01/99 2981.63 BUY +0.24% 24763.03 +79549.49%

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1999 OTC:+85.6% (-13.1% on 08/10/99) MOTC:+60.8% (-10.4% on 02/17/99)

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03/15/00 4717.39 CASH +58.22% 39178.86 +125917.55%

06/05/00 3756.37 BUY +1.40% 39728.23 +127684.58%

07/28/00 3766.99 CASH +0.28% 39840.54 +128045.85%

08/24/00 4042.68 BUY +0.50% 40037.93 +128680.74%

09/12/00 3893.89 CASH -3.68% 38564.34 +123940.98%

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2000 OTC:-39.3% (-53.8% on 12/20/00) MOTC:+16.4% (-14.7% on 09/12/00)

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04/12/01 1909.57 BUY +3.44% 39890.88 +128207.74%

06/14/01 2028.43 CASH +6.22% 42373.86 +136194.18%

10/11/01 1703.40 BUY +1.06% 42822.28 +137636.50%

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2001 OTC:-21.1% (-50.2% on 09/21/01) MOTC:+24.7% (-14.4% on 10/17/01)

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01/22/02 1922.38 CASH +12.86% 48327.28 +155343.16%

03/04/02 1866.29 BUY +0.20% 48423.41 +155652.38%

03/25/02 1824.17 CASH -2.26% 47330.55 +152137.23%

10/15/02 1232.42 BUY +1.00% 47805.47 +153664.77%

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2002 OTC:-31.5% (-45.9% on 10/09/02) MOTC:+5.7% (-10.2% on 12/31/02)

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01/22/03 1388.27 CASH +12.65% 53850.88 +173109.63%

03/13/03 1340.33 BUY +0.17% 53944.21 +173409.84%

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2003 OTC:+50.0% (-13.0% on 03/11/03) MOTC:+55.6% (-6.6% on 01/21/03)

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02/23/04 2005.44 CASH +49.62% 80712.87 +259510.38%

10/05/04 1971.03 BUY +0.85% 81398.51 +261715.72%

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2004 OTC:+8.6% (-18.6% on 08/12/04) MOTC:+11.4% (-9.3% on 10/14/04)

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01/20/05 2034.27 CASH +3.21% 84010.16 +270116.02%

05/20/05 2056.65 BUY +0.98% 84832.48 +272760.99%

10/06/05 2090.35 CASH +1.64% 86222.55 +277232.08%

11/10/05 2202.47 BUY +0.41% 86577.48 +278373.71%

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2005 OTC:+1.4% (-12.5% on 04/28/05) MOTC:-3.5% (-6.5% on 01/20/05)

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05/12/06 2238.52 CASH +1.64% 87994.58 +282931.76%

09/05/06 2167.84 BUY +1.67% 89461.55 +287650.24%

12/29/06 2415.29 CLOSE +11.41% 99673.22 +320495.75%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

2006 OTC:+9.5% (-14.8% on 07/21/06) MOTC:+15.0% (-5.6% on 05/12/06)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

02/28/07 2404.21 CASH +10.10% 97117.59 +312275.63%

04/17/07 2510.50 BUY +0.70% 97794.53 +314453.00%

07/27/07 2583.28 CASH +2.90% 100629.62 +323571.97%

09/19/07 2654.29 BUY +0.81% 101443.67 +326190.36%

11/09/07 2584.13 CASH -2.64% 98762.23 +317565.60%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

2007 OTC:+9.8% (-11.1% on 11/26/07) MOTC:+1.9% (-9.6% on 11/09/07)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

03/24/08 2341.05 BUY +1.44% 100185.09 +322142.16%

06/23/08 2368.28 CASH +1.16% 101350.39 +325890.61%

06/27/08 2177.01 Interest as of +0.06% 101407.06 +321978.74%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

2008 OTC:-12.7% (-18.2% on 03/10/08) MOTC:+2.0%

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

Source: This report was prepared with ULTRA Financial Systems software settings:

Beta = 1.00

Interest IS being accumulated upon sell signals at the CP rate.

Trades on NEXT DAY after buy/sell signal.

ACCOUNT starts equal to the trading INDEX value.

To duplicate this report or to test for different time periods,

use the signal dates at http://www.moneyflow.com/syscheck.txt

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Disclaimer:

No author, publisher or system creator can guarantee future profits based upon past performance.

No guarantees, personal investment advice, recommendations or referrals are implied by the content

of Moneyflow .com publications, systems or websites. Trend/momentum systems work because market

history repeats itself; however, that occurs with infinite variety due to multiple factors.

Therefore: 1) No market timing system will consistently perform as well in real time use than

in backtests or recent history; and 2) The best systems take turns working best.

Richard Calkins, Educator and Trend Analyst, rc at moneyflow com