SPI Trading 31st Dec 2007 part 2


10:20

SPI coming down from Friday’s R44 spiral top @ 6373.

Reversal expectation could move down 44 points, or be supported around 6353 (Weekly BP)

1. Entry 6365 R11 reversal Stopped 6371

SPI then moved back up re-tested 6373 (risk)

2. Entry 6367 Partial Exit 6357

Leaving 1 lot open with breakeven stops from entry, Exit 40 points down from swing highs

If stopped out I won’t trade again today, early NYE… it won’t surprise me to see 6353 and 22 points down find buying support…