SPI Trading 7th January 2008 part 3

10:43

R22 reversal under the 5-day lows (6231) and more likely to head down or remain choppy outside the range.

Stopped on longs at breakeven entry price, and reversed into shorts @ 6210 partial exit 6204 (r22 lows &$dollar stops @ 6216)

Looking for an R44 completion @ 6187 to exit shorts and be neutral...

Price can continue down today and head towards the January lows or random length....

Because of 'gaps' on R87 I can't discount upside Buying support later in the day either