Rather unlucky with yesterday's trade the market took out our stops and then sold off. For all the axioms that Wall Street has ever come up with there is only one never stated and which has any value and it's this. "BE RIGHT". You see we used excellent money management but nonetheless if we had not used stops we'd still be in with the trade. I still feel bearish through to my bones if we head back up to 1815ish we will short again. Otherwise we'll just sail with our long term trade which is still nicely in profit with the futures at 1805 this morning.