SPI Trading 20th March 2008 part 5

SPI 14:10

Since last post SPI has consolidated under 5202 and now looks to be pushing down towards 5164 (R44 lows 5160)

On the back of weakness from BHP as it pushes down towards March lows.

Note: 5164 has a random expectant support zone, which often plays a supporting role....

don't trade longs below 5164 on a break because of the 2-day reversal pattern playing out....

Entry 5201 exit 5180 +21

No more trading today......

Market shuts early for Easter...