SPI Trading 21st Dec 2007 part4
4. 1 more short trade on R11 reversal @ 6241, partial exit on R22 lows, and stopped on breakeven entry once again.
R22 systems now long, so no more trades today, i'll see how the day closes.
There still seems a lot of resistance around 6251 and the Quarterly 50% level
Note: Potential to move higher on last day as it retraces the Weekly range into the 5-day 50% level, and previous Weekly break of 6351.
Posted by
Frank Dilernia