SPI Trading 11th January 08 part 2
10:11
Push up early today into 6108:- spiral top and expectation of a push down...
Entry 6106 partial exit 6088 (R22 lows)
Stops 6110
looking for a continuation down into 6065.....
Exact same expectation as yesterday and the R44 spiral lows @ 6065.....
Next exit 6074.... and holding 1 lot to see how price reacts around the R44 lows @ 6065...
Any buying will come around that low and push it back above 6108 and head higher, or it's going to move into another similar price action as yesterday with further weakness into Friday....
Posted by
Frank Dilernia