SPI Trading 30th January 2008 part 2

10:03

Much higher open than expected, and market is trading above the Weekly 50% level and 3-day high break of 5771…

Higher risk trading short positions….


I can’t trade longs unless it’s rising up from support or an R44 spiral low…..

Looking to trade the Gap down into support, which would have been a 44 point move…

Short entry 5794 stopped 5801

Market currently following the Weekly 50% level and 3-day BUY cycle, but would still like to think that price can come down and test the Support levels before rising upwards….

use R11 Trio as a Trend guide ....