SPI Trading 26th August 2008 recap

Ideal pattern for a continuation down would be:- a move back into the 5-day 50% level and then reverse down using a R44 spiral top @ 4944-55.

4884 random support

Support and swing back towards the 5-day 50% levels.... (44 points)

Morning Report

SPI Daily

SPI opened lower and moved back from support into the 5-day 50% level..

Expected resistance and reversal back down didn't pan out, and continued higher into the close...

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