I take it you are sunbathing at Bondi then.
I, too, think that $2 support will be crucial. It held well during the January downturn, it subsequently went through consolidation then bounced. If it holds well then it might be a good entry point, if not, likely to fall more.
But let's not forget news MIGHT be forthcoming from Japan. And Relenza quarterly sales results out soon too? Not too sure.