period • Low turnover with average trade signal duration of 100 days • No in-sample optimization , Machine Learning techniques, Genetic Algos, or Feed Forward Neural Networks 70 - 60 a. • 50 0 • 40 5 a 30 20 10 BRKM —AAPL —SPX —Atorus - 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006