SPI Trading 12th March 2008 part 5


SPI 13:45

After the Reversal back down from the highs, I thought the R44 low along with the Risk level @ 5334 would have provided the ideal swing low for a continuation back up towards the highs.

Supported lasted 14 points again, before continuing lower.....


Long 5335 partial exit 5343 +8 stopped 5330 -5

Expectation of reversal continuing down into 'gap' and as far the 5-day 50% level.
I had to step out for a couple of hours after the last trade, hence lack of trading since.