SPI Trading 9th January 2008 part 3

10:46

SPI pushed down into the 5-day lows @ 6044 and finding support.....

If it breaks 6044 (breakout) don't trade longs as it will probably head much lower..

Entry 6045 partial exit 6054

stops below lows (6043) hopefully it can swing back upwards (R44)

Keep in mind price is pushing down from an R87 spiral, a break of 6044 will probably send it towards 6010 (87 points)

Not trading shorts today,,,,,, if stopped out I won't trade again below 6044