SPI Trading 2nd April 2008 part 2
SPI 9:54
SPI higher open near the April 50% level @ 5615
Expected fade on open...
entry Short 5603 Partial exit 5588 +15
Stops breakeven from entry....
SPI has moved down into the Weekly highs 5585, but has remained above them at this stage.
I would like SPI to at least get back below 5585, but it won't surprise me to see it push upwards either.
I will be shorting round these higher levels a couple of times on any trading 'set-up' I see until there is a 44 point completion down.
The only thingI need to keep in mind is price trading above 5585 and 5572
Posted by
Frank Dilernia