SPI 16th November 2007 part 2


10:25am

SPI moved down on open but just didn't reach my entry level @ 5496...

This morning the market is moving in 22 point waves, and this price action is what I wanted to happen, with traders exiting the R22 high and moving open positions to stops below 5946 and heading upwards into R44 highs and take the day off...

Day traders trading 2 lots look for 18-22 point moves as first exit zone and then look for 40-44 completion on the 2nd lot.Morning report

2nd lot exit zone could have been the 2nd R22 range @6533, as it comes close to closing the Gap....

No trades at this stage of the day....