SPI Trading 11th February 2008 part 4

10:45

SPI moved up 22 points into the 5593-6 (expected Resistance), and now consolidating...

A failure at the Weekly 50% level and R22 reversals, and expectation that an R44 completion @ 5555 should play out....

Covered earlier long at 5583 and then moved into shorts, and adding on the r22 Reversal @ 5585....

Stops @ 5590....

Today is very choppy, if stopped out I won't trade again today, until in the afternoon, or I might just take the day off....

Looking for an R22 down move @ 5567, and then the R44 completion to take the day off