SPI Trading 21st Dec 2007 part5



15:20

SPI rotating upwards after 3-day consolidation around the December lows, back into the 5-day 50% levels...

I had a hunch this was going to happen today, but for me to be trading longs I needed to see 'gap' closure, or trade up from 44 point lows...

Full Weekly report tomorrow..




16:13

44 point reversal late in the day

5. re-entered on longs @ 6275 & 77

Partial exit 6293 and 6302