SPI Trading 14th February 2008 part 4

11:38

SPI continued higher into the R44 high @ 5638 and the 5-day 50% level @ 5633 (expected to have some resistance) Resistance or Breakout

Entry shorts on R11 reversal @ 5632

Partial exit 5621 R22

Exit all 5614 (+18)

No more trading today;- as the rest of the day has three different price actions that could play out....(as previous report)

I would not try and short trade above 5633 if it breaks higher in the afternoon:- expectation of 5-day high target

Next trade tomorrow