SPI Trading 20th March 2008 part 3



SPI 10:27

Expiry day and early price action is volatile, but swinging between certain levels in the market.

SPI moved down into the lows and has now rallied up 44 points into the 3-day high range @ 5227...

Now it's an each way bet.... bullish pattern will just continue higher back above the 3-day highs, and could continue higher all day....

Or a failure at the 3-day highs and 44 point top could push down into the lows again....

Short 5226 partial exit 5216 + 10 Stopped 5230 -4