Week of 12-30-2007

Timing Model= -2.0
10% long, 90% cash
10 day moving average: 14% long, 86% cash

Global Allocation of long positions
MSCI EAFE Index 30%
MCCI Emerging Markets Index 30%
Russell 3000 Index - U.S. 40%

Top U.S. Sectors
U.S. Oil & Gas 5.5
U.S. Oil Equipment, Services & Distribution 5.5
U.S. Technology 5.5
U.S. Basic Materials 4.5
Precious Metals 4.0
U.S. Leisure Goods 3.5
Composite Internet 3.0
U.S. Utilities 3.0

Top Intl. ETFs
MSCI Brazil Index Fund 3
MSCI Hong Kong Index Fund 3
MSCI Malaysia Index Fund 3
S&P Latin America 40 Index Fund 2
FTSE/Xinhua China 25 Index Fund 2
MSCI Emerging Markets Index Fund 2
MSCI Spain Index Fund 2

Strategy 3
Emerging Markets 16.7%
Money Market 16.7%
Industrial Materials 16.7%
Agriculture 16.7%
Precious Metals 16.7%
EAFE 16.7%
U.S. Large Cap 0.0%
U.S. Small Cap 0.0%
U.S. Long Bonds 0.0%
U.S. REITs 0.0%