Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

CANARIES IN THE COAL MINE SOUND

PERCEPTIONS FlawedCOMPLACENCY ExtremeRISK & RISK PREMIUMS ExtremeDIVERGENCES GlaringVOLUMES Historic LowsBREADTH 4 Generals LeftMARGIN DEBT Tell Tale SignsINVESTOR & TRADER SENTIMENT Always Last InCOMPARISONS Similar Patterns

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

CONCERN 17-Feb 25-Feb Change

Europe Collapsing 20 13 -7 Debt Crisis in US 17 22 5 War In Iran 15 12 -3 Political Dysfunction 12 13 1

Gasoline Prices 8 14 6 Fiscal Tightening - 2013 5 4 -1 Surprise Inflation 5 7 2 1987 Like Market Crash 4 3 -1 China - Hard Landing 2 5 3 Premature Monetary Tightening 2 1 -1 Terrorist Attack - US 1 1 0 A Debt Crisis in Japan 1 0 -1 Other 8 6 -2 Source: Business Insider.com

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

Canaries In The Coal Mine

Listen to the original podcast for this slide at www.GordonTLong.com/LONGWave

The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.

This chart is from the March 2012 Market Analytics & Technical Analysis – Advanced Report

February 25th, 2012

DISCLOSURE STATEMENT AND TERMS OF USE

THE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY.

This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, and any analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading and investing can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentary is only the opinions of the authors and should not to be used for investment decisions. You must carefully examine the risks associated with investing of any sort and whether investment programs are suitable for you. You should never invest or consider investments without a complete set of disclosure documents, and should consider the risks prior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way a substitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement of this Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may make are your sole responsibility.

THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.