SPI Trading 10th March 2008 part 2


SPI10:17

SPI has moved down into the Weekly lows @ 5165 and found support, along with Rising upwards from the r44 lows.

The only problem now is the 'selling pressure around the R22 high.....
Long @ 5181 stopped 5175 -6

Long @ 5175 partial exit 5180....

holding for an R44 range upwards, as long as price is above the 5-day lows the expectation is that price is moving higher towards the r44 and 'gap'