SPI Trading 27th August 2008 recap

"Basically the first R44 needs to complete to define today's direction.

Because it's occurring from a higher spiral point I favour a down move into 4962...

The completion down into 4962 should... A bullish day will complete the move down and then rise higher and continue upwards....."

Morning report

SPI Daily and 5-day pattern

Higher open and reversal back into support, and then a continuation higher into the close.

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