SPI Trading 31st January 2008 part 3

11:00

Market is all over the place today, I've got no idea how things will play out until it settles over lunch. The only thing is it's back above the 3-day lows @ 5477

A 44 point down move now @ 5474 will align with the 3-day lows, so it will give an indication which way it will go in the afternoon, if it decides to close the upside Gap @ 5578

My first trade was a reversal under the 3-day lows @ 5474 (stop 5479) ... -7

Price bounced off the R11 Trio @ 5463 and moved above the 3-day lows, I switced into longs @ 5479 held into the R44 top exit @ 5505.... (+26)

Rest of the day i've got not idea, and i'll only be interested in trading longs again around the R44 low...