David Fuller's view

Rather cautiously, I had placed protective stops on my S&P 500 shorts following a temporary decline, on the basis that if they did not continue to fall sharply we would probably see more ranging near the highs.  These stops were triggered on Thursday 5^th May at 2058 and 2059, against my short sales at 2060.38 and 2061.63 on 3^rd May.  These prices include all spread-bet dealing costs. 

Recent declines corrected many short-term overbought conditions on Stochastic indicators in the Chart Library but I will most likely be tempted to short again in the event of additional firming within the current ranges.