ED Spread : Taken some at +56

• Running a monster sized trade in -EDM0/+EDZ0 since 03Aug09. Average in +82.
• SHS top objective at +55. But chart looks like it is about to fall out of bed even more. Nevertheless, prudent to take some risk off the table in accordance with original game plan.
• Reduced 18% at +56.
• Will reduce another 18% at +53 [Filled]
  
• Can envisage this trading down to low +40s in due course.