SPI Trading 1st April 2008 part 2

SPI 10:10

SPI opened much higher than expected, but still looking for a rotation back down from a higher open.

Short entry 5432

Partial exit 5412 +20

Holding into R44 low to exit trade.

I mentioned this morning about trading longs from an R44 low, at this stage I'm not interested in trading the Longs, because of the potential of price come down into the Weekly 50% level.

take the money and run.... Exit @ 5398 + 34


Large Gap to the Weekly 50% level, which could rotate back down to