SPI Trading 12th March 2008 part 3

SPI 10:47

SPI has broken the 3-day highs and has moved into a double R44 range.....

The market could go as far as the Weekly 50% level and the 5-day highs....

But i'm still looking for a 44 point reversal to trade LONGS.

I'm really fighting the trend today...

Short 5365 partial exit 5355 +10 (stops 5371)

Note: If market keeps on rising upwards without reversing down 44 points, then we might get a R44 Spiral-low closer to 14:36 with more late buying into the close