SPI Trading 18th January 2008 part 2



10:26

Lower open on the SPI and rising upwards from a lower Spiral point: -

Expectation that the market would move upwards into 5651 (44 points) and could continue upwards towards the 5-day low break and resistance…

Risk around the spiral highs @ 5651

Entry long @ 5614 (spiral bottom) (closed out on system short @ 5626)

Entry shorts @ 5639 partial exit 5630


Looking for a move back down into R44 lows with breakeven stop from entry….

Note: potential support around the 22 point lows, and could move higher back towards the 5-day lows on any support today…

Trading either way today only 2 lots minimise Risk….