aspects of the fundamentals that I was tracking:

1. The higher than historically normal Index to HEQ4 "Gap" and

2. The probability that produces had fallen behind in their shipments by perhaps nearly a half-million hogs. This I mentioned a couple of times at:

http://murico.com/muricocgi/bbs62x/newforum.pl?page=1;md=read;id=196

I chose to trade the "Gap" by going long the QQQs and ignoring the currency problem.

And that was one big mistake.

I can now clearly see that I should have traded both by buying the QQQs to trade the "Gap" and selling the VVVs to trade the probability that producers were out of currency. The Q/V spread has worked well.

Hind-sight is wonderful - - - if you learn something.

I'm no longer long the QQQs and a little broker. Whether or not I'm a little smarter is questionable.

Best wishes,

dhm