Futures advisor services were net flat during the month but that flatness masked a lot of wild performance. The biggest winner was clearly The Scale Trader with a gain of almost 100%. A lot of this is not so much that they had a great month, in fact it was a modest winner, but that they were able to finally drop off some terrible losers from a year ago. I am watching their performance with great interest because the made some significant changes to their methodology a little less than a year ago. Craig Corcoran also showed some strength with his performance climbing 30%. The biggest loser was our own Major Moves which dropped almost 80%. The losses were actually modest but the amount of margin required was low so the percent loss was very large. Everybody else was quite stable with no big winners or losers. However, we still have more losing advisors than winner advisors! It has not been an easy year!

• June 1999
• May 1999
• April 1999