SPI Trading 18th January 2008 part 3
10:47
SPI swinging down from the Spiral top and Risk high @ 5651
But in my opinion it looks choppy, I can't see much downside today, unless it moves up into the 5-day lows and the reverses down later...
last trade stopped at entry after bouncing off 22 point lows
moved back up into the R44 high again....
Re-entered shorts @ 5647 (1 lot) and exitted at 5636 (neutral)
I still have a feeling it's going up, but it looks choppy atm and i'll remain on the sidelines until things settle and get matching long systems into play....
Posted by
Frank Dilernia