Index trading, just some random thoughts.
by, 10th-September-2007 at 03:05 AM (1929 Views)
I trade the SPI for fun, on a small number of contracts.
Just to state the obvious, we had a breakdown on bad jobs news on friday night, which looks like it could be the start of another run down.
It kind of formed a minor double bottom after the news, but im sure most will fade this and send it south on monday morning. Either that or it's going to be a very fast short covering rally.
Critical time for the spi on monday, because it will set the mood for europe and usa.
The start will be jumpy. I'll be watching bhp at 10am closely. I would wait for the morning trend to be well established before jumping on.