SPI Trading 17th March 2008 part 3


SPI 10:33

SPI moved into a double R44 range today and is coming down from an R44 high, with the expectation that price is moving down into an R44 low.

I didn't expect such a big rally on open, but this was helped by the rally on US futures at the same time.

Short 5170 partial exit 5154 +15 (Trailing stop 5173)

SPI 10:36

Exit @ 5144 +26

On Sidelines until afternoon... no more trading until things settle down

Note: US futures markets have come right off, and the SPI is back under the Weekly lows from last Week @ 5165.....