SPI Trading 27th February 2008 part 3

13:08

SPI pushed upwards following the 5-day pattern, and now consolidating above 5707 and an R44 spiral low......

I haven't traded since this morning, just got back as I had to step out for a couple of hours. I wouldn't have traded the UP move, but if I was around I would have certainly have traded the R44 reversal back down, and be long now off the R44 spiral low and 5707 Risk..

Risk support 5707 upside 5759......

SPI Recap:- 17:00

Following the Weekly trend upwards, as it rising up from Quarterly lows.

Intra-day patterns heavily influenced by the 5-day ranges and R44 spiral points....