weekend charting 9-10/7, page-123

Guess its time to put my money where my chart is!

Presently at a number of key support areas. 1) Red downward pitchfork line and 2) 38.2% FIB (blue circle) = approx $20.73 - same reading as Erichmj.

If it can hold, perhaps a movement back towards top red pitchfork (blue circle) $22.75ish.

Given I believe the accummulation phase has been going since 23rd May at an average of say, approx $21.50, will SM be satisfied with this type of spread, or seek higher value?

No doubt been in a downward trend, but so has ASX since 11th April peak of 5070pts. No a real surprise there to see financials track it down. Too many issues clouding world economic scene, Greece, now US debt ceiling etc. Certainly need to see some calming of markets before a consistent move up.

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