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The FTSE 100 Index rose during the week and cleared the 5800 level very convincingly by the time we close business on Friday. This market looks very supportive, and as such we like being long of it and will not short it. We like the ETFs markets, as it allows us to be long of this index without getting over leveraged.
In fact, it isn't until we clear the 6000 level that we will start looking into leveraged positions in the futures markets, as well as options and individual high beta stocks out of London. We do think that pullbacks can be taken advantage of, for short-term trades on the futures markets for those of you who are so inclined.