Legal disclaimer and risk disclosure

This material (“Material” means any technical analyses research), has been prepared for information purposes only and does not constitute a solicitation nor an act of advice or instruction to buy or sell securities. This material contains results and information intended for the sole recipient of this document only. Each recipient of the information contained in this document should make his/her own independent evaluation of the relevance and adequacy of the information contained herein and make such other investigation as necessary, including obtaining other independent advice before participating in any transaction in respect of the securities referred to in this material. The recipient/s of this material therefore agrees to place no responsibility on the author for financial losses incurred after reading this material nor advice or recommendations of any sort. Technical analyses includes identifying short, medium and long-term price trends. Technical analyses can show areas of potential consolidation and show where supply and demand are currently going to effect the price action. As a result of this analysis, investment performance can be enhanced and can clearly define desirable areas to buy or sell items that have been identified as attractive or dangerous in terms of value. It is important to note that all forms of analysis rely heavily on historical data, but that past performance is not necessarily indicative of future results, and can not foresee the out break of war, an act of god, or any other cause that may effect the price (after the results of the technical analyses have been completed), and which may cause hysteria within the (corresponding) market/s resulting in sudden losses in terms of value. In the case of such events that cause market turmoil, the market/s quickly discount all information, which then ceases to be relevant to the price action. While the information herein is believed to be reliable, it has not been independently verified by any Financial Authority. There is, likewise, no acceptance of responsibility or liability of any kind with regard to the accuracy or completeness of the information contained herein. The author of this material confirms that the information expressed herein accurately reflects his personal views. The information contained in this material is also subject to change without notice.

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