SPI Trading 10th September 2008 recap

Premium Report:-

"4852 is the trend guide today....above 4852 then the expectation is double R44 range upwards.

It's a lower open therefore it's hard to short on open, as price likes to rotate towards the gaps.

But often a 'gap-open' moves away 21 points before reversing, in this case down"

SPI 5-day pattern and intra-day spirals

SPI opened above 4852 and moved into double lower R21 rejection patterns off support, confirming the move up into the Primary range of the SPI :- 87 points


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