Nice one Jimmy D!Interesting how yesterday was a fin example on...

Nice one Jimmy D!

Interesting how yesterday was a fin example on SPI of the gap NOT Working... which I think is important... as it reinforces lessons on stops...

However, as per JD post, I beleive there may be a chance that said gap is filled today, certainly the sp does look like it could be heading down towards the similar gap that happenned on that indice yesterday...

Alos of great note is that the spi futures after cash close did indeed hint at a lower day today... with a healthy premium for when the future market closed compared to when the cash market closed yesterday afternoon/evening.

Re the spi...

4 hourly Chart:



Interesting "megaphone" / expanding wedge pattern that might be happening and shown here... If I recall one of these ran as a precursor to the november 2007 highs... maybe Treggs can enlighten us on that as I beleive he was all over it back then.

;)