SPI Trading 14th March 2002 part 3

SPI 11:04

SPI pushing down into an R44 low....

Random expectation on whether market will rise upwards off an R44 low or not.

Hasn't been too many reversals above the 5-day 50% level after the initial down move and 44 point completion.

On most occassions it keeps on going down into the next support level (5165) ,after failing the 5-day 50% level.

Entry 5204 exit 5289 + 15