SPI Trading 18th February 08 part 2


10:08

SPI opened down and trading below the 5-day 50% level...

The open was down 44 points from Friday's highs, and the 5-day 50% level is 5582..

I DON'T see any worthwhile longs in the market today, unless it hooks above with an R44 hook....

This looks like its wants to go down into the Dilernia Pivot.... 5482

On sidelines until things settle...