SPI Trading 13th Feb 2008 part 3

11:25

SPI Swing up into the 5-day 50% level @ 5586 and matches an R44 spiral top...

lower Risk 'short' trade:- higher Spiral top and matching timeframe level

Entry Short :- 5583, 5579 added 5574

Partial exit 5561 leaving 1 lot open with target R44 down...stop 5579

Note:- Bullish pattern would be an R44 'hook' back above the 5-day 50% level, I wouldn't go looking for 'shorts' above 5586 if this occurs today...

~~~~~~11:35 covered last contract @ 5561:- same price.( +17)~~~~~~~~~~~