SPI Trading 17th Dec 2007 part 4



11:10am

This will be my last long trade today:- if there is no follow through on the upside today, then it’s my expectation that the Weekly trend is in control.

Long again 6391, ( stops 6384 below today’s earlier lows) Partial exit will be next 10 point move and leave stops @ 6384

If stopped out then my view is a lower stalling day, with better longs on Tuesday, which was my view in the Weekly report.

Markets trading below 5-day lows (continued breakout) and following Weekly trend and I won't trade longs below these levels again today.

i'm still looking for a counter-trend move upwards this week, and by the look of it could be Tuesday, which was my view in the Weekly report.

Going xmas shopping.