SPI Trading 14th MAY 2008 Recap
SPI 15:30
SPI following the pattern up into MAy's Highs @ 6065 helped by BHP and RIO today...
Early pushed down from the Spiral point 6049, and then continued with a momentum push upwards when BHP and RIO kicked much higher on speculation of China taking a stake in BHP, but mostly on light volume.
SPI continued above 6046 moving up another 44 points before stalling around the higher Spiral point @ 5900..
Posted by
Frank Dilernia