SPI Trading 8th February 2008 part 3

10:47am

SPI has gone all the way up into the Weekly 50% level and stalled, without testing the Pivot....

At this stage I favour an R44 reversal into 5639... after that it has a random outcome....

Can swing off the spiral lows, or move back down into 5585....

Entry 5664 partial exit 5658

(breakeven stop) @ 5670

Target 5640.... and then see how price reacts around R44 low, but potential to move back down and test Pivot...