SPI 22nd November 2007 part 2


10:08am

That's the problem shorting lower opens, the market moves 22 points against the trend and then fades back upwards in a non-linear mode...

BTW, it won't surprise me if the previous 5-day lows @ 6371 caps the market today, I'll know that by another 22 point rotation back down, and it ends up being a choppy trading day.

Ideally I would like to see it now remain above 6358 and moves up 44 points into 6397.

If it moves back under 6358 today I won't trade again...

First partial exit 6368, 2nd around 6388 and then hold...

Stops 6353