SPI Trading 21st February 2008 part 2



10:05

SPI hit resistance and has moved up into and R44 high.....

Whilst above 5539 shorting is open to risk....

But a 44 point reversal back under 5539 and this is still part of my morning report analysis....and further weakness down.

It would need to 'hook' back under 5539 (44 point reversal) and become resistance.... otherwise expected further gains (not trading longs atm)....

Entry S 5538 (stopped @ 5542) -4

R44 spiral top and I can't go long at the moment:- but 5539 could end up being a support zone today with further upside moves........