SPI Trading 21st January 2008

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Please read the Weekly report before proceeding...


As per the Weekly report:- there is a lot of support around these levels in the Australian Market based on the Quarterly Dynamic lows...

Friday's Rally closed the gap from Thursday's lows, and any upside this week we will be looking for the 2nd 'gap' closure (last Monday's lows) which matches the Weekly 50% level @ 5927

Support Friday 5-day lows 5679-84

High Risk longs below 5-day lows, as Market dynamics are pointing lower...

No probability trades for today, expect use spiral points and support/resistance levels to trade..

gap @ 5727 closure from Friday...