SPI Trading 11th February 2008 part 2



10:05

SPI Rallied off support into an R44 high @ 5628.....

A bullish day will swing upwards from an R44 low and back above support.....

But I'm surprised that it would come back down after R44 high, especially rising upwards from the Weekly 50% level and R87 spiral....

A buliish day would have reversed back down 22 points and kept going higher, not swing down....

Higher timeframe 50% levels are the Trend guide...Risk longs below 5593