MI has developed proprietary methods for analyzing price movements and relationships between markets over time. This method is highly uncorrelated with trend-following techniques, as it pays particular attention to trend reversals in the context of inter-market relationships. MI's approach focuses on short- and intermediate-term moves in spot currencies and financial and interest-rate sensitive commodity interests, such as U.S. Treasury securities, foreign currencies, foreign and domestic stock indices and precious metals. MI also trades from time to time in other commodity markets, including the base metals, energy, agricultural and livestock futures markets. MI may trade in any type of commodity interest or in any other form of security or derivative instrument, which is now, or may hereafter be, offered for trading on or in U.S. or international exchanges or markets whether regulated or over-the-counter. MI in its sole discretion may make changes in the contents of its investment portfolios. MI considers its proprietary and customer accounts as aggregates of diversified positions, and continuously evaluates changing correlations among different markets to maintain diversification and to monitor overall position exposure, including monitoring newly evolving exposure correlations. Exposure to a broad variety of markets ensures optimal diversification within defined risk-reward parameters. MI may in its sole discretion narrow or otherwise modify its exposure to any market or markets at any time. MI may also at its sole discretion exit all markets and hold no open positions from time to time.