We have stalled here between .8425/50 now on so many occasions that my tendency is to believe that the big .84 level is going to hold but I’m hearing a different story from the marketplace. There is an increasingly large amount of option protection being bought with puts around the .8300/25 level very popular. This started mid last week in London and has continued over the last week according to my sources. Obviously some bigger players are of the view that .84 might hold but if it doesn’t, watch out.