As we expected, we had a flat/ranging market this week, but with a small breakout on Friday. We are closing shop ahead of the Fed Bernanke speech this [Friday] evening.  We wouldn't like to get stuck with open positions over the weekend, so there is no point in opening new trades on Friday afternoon [it doesn't matter how appealing the market looks like]. We have toned down our risk profile and we are satisfied with our pedestrian performance this week; we made $203.50 [see the Equity Curve].