SPI Trading 7th Dec 2007 part 3

Premium Report 11:16am:- SPI gap closure @ 6642, and now trading above the Weekly highs @ 6647.

At this stage it's following the Weekly trend upwards... A rise of 44 points, takes it upwards to the R87 high and the Risk level of 6685. Above Risk and don't short the market again, as the trend is up (random length).

If not following the Daily system but trading longs using the Model and expectation, then the same applies, target 44 points upwards, and hold with breakeven stops....



14:12

Switched into longs at 6651, partial exit 6674 (breakeven stops)

Market following price action of weekly trend breakout and moving towards 6685 (risk)