cleared the deck last week and gone on vacation, Dewey. I knew that the K/M spreads often get spunky this time of the year. Logic seemed to say that we had made it past when the steep moves might happen.

Wrong!!

It's actually not that bleak because some of the other spreads worked in my favor. Never-the-less I did take a hair cut.

And I really didn't need a haircut.

Best wishes,

dhm