SPI Trading 12th March 2008 part 2

SPI 10:15

SPI Rallied on open 44 points and into the 3-day highs and Risk level @ 5334.

I'm still looking for a 44 point reversal down before the trend can continue higher, but I know that trading above 5334 the market can move higher.

Short 5342 R11 reversal bar stopped 5351 -7

Short 5346 partial exit 5338 +8 (stops 5351)

Looking for a down move before it can head higher....