I have no idea but I think they were too long... Btw, I am hating todays PA, NQ, GC, QM are shooting both ways quicker than Jesse James...
Regal's system is quite valuable, just do the opposite! I just happened to be opposite short (already) and look how its done.
Long and leveraged commodities, loss hit 30%. Which was important, funds are ususally locked in for years, but a 30% loss allowed 100% redemption within a month, so instead of being handed his balls by the market once the monthly numbers were released he has been unwinding and the rest is history.