SPI Trading 26th Feb 08 part 4

14:50

SPI pushed down into a low of 5632 and bounced without completing the R44 range @ 5629

What I wanted to see was a low around 5624-29 and then bounce after 14:36....

Still on sidelines, and risk increases on longs after 14:50 if it comes down and test those levels....

Don't trade longs below 5624

The expectation was for the market to move down today and then rise up into the close:- 44 points minimum move upwards.