SPI Trading 25th February 2008 part 3


12:05

SPI range bound between 5588 and 5624....

Hard day to call on how the market will react around 5624 and whether it will breakout above the 3-day highs. (2nd half of the day)

Banks are rising off last week's lows and there is every reason for the market to continue upwards today.

Personally I still favour a rotation back down into 5562....and I finally got filled after re-testing my Sell zone...

Entry S 5625 partial exit 5610

Holding 1 lot with the expectation the market is rotating down into the 'Gap'....(stop @ 5628)

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Exit covered 5591 12:43+ 34