SPI Trading 31st January 2008 part 5

12:20...

I can't remember the last time the SPI was so volatile....

Price moved up to the 5-day 50% level and continued upwards towards the Dilernia Pivot

The price action has gone straight up, and my systems can't go long unless there is a pullback in the market...

Shorted the 5-day 50% level @5600 R11 reversal (stopped 5610) -10

Shorted next R11 reversal @ 5635 covered all @ 5610 (+25)

Failure around the highs today and move back under the 5-day 50% level the market can go anywhere, but most probably reverse some of these ranges...

no more trading today....