SPI Trading 21st Feb 2008 part 3 Recap..

10:28 SPI Recap

Double R44 rally into the previous 5-day 50% range and has stalled.....

44 points down from highs will match Risk @ 5539....

Each way bet on today:- supports the market and moves higher into the close

Reverses down under 5539 and moves back towards the 5-day lows.....

If this is valid support whilst it's trading above 5539 then late 14:36 BUYing could come into play on an R44 low only if it's trading above 5539 at the time.....

No trades since this morning.....