Stumble

As we suspected last week, the market finally succumbed to gravity with it's largest two day fall in nearly two months. Unfortunately we were stopped out, once more, the day previously. This has been an awful start to the year, the only positive we can take from this is that the maximum upward incline rate for the whole year should now been set and if so, we will be able to use this as our guide for main inflexion points for the rest of this calendar year. Friday's rally may well have provided us with a small opportunity for weakness into the end of the month. We will short a small position of 3 contracts at any price above 1520, with a stop-loss set at 1537. Should the market fall below 1490, we will take our profits.