SPI 29th December 2008 recap

"SPI continues to consolidate and I still have the view that markets are trying to move upwards based on the rotation towards the 50% levels in 2009.

There is no probability pattern other than trading on the side of the levels shown...

3615 and 3558"

Premium Report




SPI Weekly and 5-day pattern

In the first minute of trading the market spiked up 300 points before settling into its usual pattern of consolidation between the 5-day levels.

I had no probability today other than trading longs above 3615, and if below the expectation was to push down...


"simply looking for the same pattern of rotating back towards the 5-day 50% level into the close, which is the same pattern that has been occuring the past 3 weeks"

Premium Report 12:55

And then once 3558 supported the market, the usual rotation back into the 5-day 50% levels @ 3623 once again after 3pm played out.


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