SPI Trading 29th January 2008 part 3

10: 35…

SPI has moved down into the Support level of the 5766 (Weekly 50%)..

Around these lows are major support for any continuation higher this week, but I’m not sure how the rest of the day will play out because normally price will find support, but then rise higher the next day…

Currently trading under the R44 lows @ 5784….

Keep in mind that below 5766, there is a possibility of further weakness into 5580…


2. Entry 5768 and 5771

Partial exit 5783 (stopped out 5765)

3. Re-entry 5769