SPI Daily 5th March 2009 recap

"Ideal pattern would be to short trade down the levels and complete the entire 44 points.

A swift move down early could provide support and a higher move late in the day:- another 44 points upwards"

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SPI Weekly and 5-day pattern

SPI opened higher and moved down 44 points providing a spiral low and some Buying...

The only problem it didn't open higher enough to get a robust 'Short' set-up...

And the spiral low didn't get the follow through upside to complete the move of 44 points up and into the 5-day 50% level.


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