SPI Trading 18th Feb 08 part 4 RECAP

15:20

SPI consoidating under the 5-day 50% level, and failing to push upwards from 14:36.

Further weakness expected into close...Financial Stocks are dragging the market lower.


Price moved upwards into the R44 high @ 5571 but failed by 1 tick to reach a Sell zone (high 5570)....with another added short potential around the next R22 high again...

Haven't trade again since this morning, as I was waiting for 5571 to reach.. (spiral top)

Next Trade tomorrow..