SPI Trading 13th March 2008 part 3

SPI 10:43

SPI opens at 5195 at the first R44 Spiral point...

A reversal upwards and target is the 5-day 50% level (44 points up) @ 5247

A break of 5195 (spiral low) and it will probably be pushed down into the Weekly lows @ 5165.

Long 5198 partial exit 5204 +6 and holding (stops 5193)