SPI Trading 19th March 2008 part 3

SPI 11:00

SPI drifting back down into 5227 and could go lower into 5205...

I took the gamble of getting out at 5273, hoping that I would get an R22 rejection pattern to play out, but it hasn't and it's continued down into an R44 low and probably continue down further.


WBC:- My exit target on WBC was $23.90 but because the SPI was drifting lower I exitted WBC @ 23.71 (average price 21.17)

That's my first exit on the four banks with just on 12%, now it's waiting for the others.....