SPI Trading 7th May 2008 Recap

Morning report...

"I would focus on shorting looking for the down move, and the rest of the day can pan out how it wants, and it wouldn't surprise me to see a down day into a lower daily close on Wednesday.....Wednesday can continue down and fill the move in sycom:- 5-day 50% level @ 5695"



SPI Recap 15:30

Higher open on Wednesday, moved down into Sycom lows and closing around the 5-day 50% ...level @ 5690