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.....
Posted by
Frank Dilernia