SPI Trading 6th March 2008 part 2

SPI 10:24

SPI opened higher and has now moved down into an R44 low:- price action at this level has a random outcome, but it's under the 5-day lows once again 5437.

A bit choppy this morning:-

Short 5434 stopped 5441 -7

Short 5446 stopped 5552 -6

Short 5445 partial exit 5434 (R22 low) +11

Added shorts on R22 Spiral top @ 5445 Partial Exit 5535 and Exit 5516 +29

No more trading now until things settle, but price is under the 5-day lows @ 5437 and not interested in trading longs atm....

Might get some support around 5402.....