SPI Trading 15th January 2008 part 2
10:14am
SPI push upwards before reversing 11 points and moving down towards a 22 point reversal.
We can already see the difference in the R44 spiral tops, last week there wasn't any higher moves early, each spiral top pushed down...
I'm not sure how the rest of the day is going to pan out, below 6031 and expectation the R44 will complete...
A 22 point down move could even attract buyers and push the market upwards towards 6052+
Entry 6036 partial exit 6026 (breakeven stops)
looking for r44 completion
Posted by
Frank Dilernia