SPI Trading 8th August 2008 Recap

"5-day 50% levels 'support' (4884), but best to verify any trades with the Spiral filters today.

There is no probability pattern or direction today:- it's either going to find support around the 5-day 50% level, or continue down into Tuesday 'gap':- random support 4850.

Morning Report






SPI Daily and 5-day pattern

SPI moves down on open into the 5-day 50% level and rises up from the spiral low point and continues higher into a double R44 pattern top....