SPI Trading 19th March 2008 part 4

SPI 14:25

coming into the last 100 minutes of trading and volume should be picking up soon, but the direction is unknown.

Market pushed down close to 5227 (50% level), and now trading upwards into an R44 high.

I've been sitting in a short position in 5274 (partial exit 5269) and running a $ dollar breakeven stop @ 5278)....

It's either going to take out my stop and climb higher into the close, or hopefully continue down into an R44 low and the 5-day 50% levels into the close......

At this stage it's an each way bet into the close, but today the market has opened above the 3-day cycle high 5222, and looks to be closing above the 3-day high, the first time in many weeks......