SPI 9th November 2007


8:40am

Yesterday's push down from 6570 and into 44 points lows @ 6528 worked well, but the follow through much further down didn't eventuate, with the R87 lower spiral point providing support, and today the market will open filling the 'gap' @ 6612:- pattern probability view from yesterday.

Today's open and the market is opening with gap's either way, upside it's much higher, down side it's yesterday's highs and normal rotation into 6557 or 44 points down.

Today:- It's hard to go 'long' on a higher open, there are gaps on the downside and preferably the best trades occur filling lower gaps or trading longs from lower 44 point spiral points....

Above 6601 and shorting today is open to risk.....

Premium Dilernia report will follow later.....

Even though the 'position' system is going long today, there are no positions taken because of Market Dynamics and 'sell' cycles in the markets