SPI Trading 18th March 2008 part 4



SPI 12:48

SPI moved up into 5119 and rotated back down. 5119 was this morning's 'sell-zone', but I didn't short trade down, because i'm leaning towards the markets rising.

SPI reversed down into another R44 low....

Entry L 5077 Added 5086 (R11 reversal)

Partial exit 5099 + 13

Looking for an an R44 move upwards and hopefully a continuation into the 5-day 50% level.

Next exit 5106 (+ 29) and holding 1 lot into close of the 5-day 50% level....5160

Trailing stops @ 5082