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...
Posted by
Frank Dilernia