SPI Trading 17th January 08 part 6

15.40.....

Exited last contract @ 5802 to be neutral positions....

I would have preferred much more weakness today, like a 'blow-off' bottom straight down into 5716 today....

Since my last post the market moved upwards 22 points from the swing lows and failed by 1 tick taking my stops…

As the market is coming down from major resistance:- previous 5-day lows @ 5847 ,
Spiral top highs @ 5842 and the Trio R11…@ 5845

I re-added a short-term trade on the @ 5841 and partial exit the same trade @ 5831

Still held my shorts from 5844 (stops 5850)

As it just looked like it wanted to go down today……

Next exit 5811 (R44) and exit last @ 5802

Let's see how US markets go on Thursday....