SPI Trading 6th February 2008 part 4



11:28

BHP earnings come out (Read Stock Report) and SPI moves down into an R44 Spiral @ 5607, and then swings up into the R44 high and 5-day 50% level @ 5656 (RISK)

Stopped on last contract @ 5619

Re-entered longs on R44 spiral low and R11 Reversal @ 5621

Partial Exit 5633 (+12)

Exit all on R44 High @ 5649 (+28)

No More trading until things settle down, because at this point in the day, it's an each way bet on the direction of the market...