SPI Trading 27th March 2008 part 4



11:09 SPI

SPI has pushed up into an R44 high @ 5424 and stalled, but it's trading above 5417...

I've entered shorts @ 5422, but I know that whilst it's above 5417 it's high risk...

I dip below 5417 and I think I can relax a bit, but over the past 3-days there hasn't been much downside to the market...

Stops 5429...

looking to partial exit at 10 points again and move stops to 5427....

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SPI 11:24

Partial exit 5412 +10 moved stops to 5425

Target and exit is 5391 to be neutral

Even though there is a possibility of further weakness today:- R44 spiral top failure and move back under 5417...