SPI Trading 31st January 2008 part 4

11:45

SPI Rallied closing the Gap @ 5578.... What a Wild day today....

I would have liked a 44 point reversal down to trade upwards into 5578, but that didn't happen..

entered shorts @ 5575 added 5572

exit all shorts @ 5553 (+22)

1 lot open stops @ 5572....

Rest of the daY:-

It's either going to come back down into the 3-day lows @ 5477 again.....

Or it's going to remain above today's open high @ 5540 and continue upwards towards the 5-day 50% level @ 5609, and then continue higher into 5653 into the close.....