Hi Robandrews, I know that there is a bit of disappointment in not posting green. (BTW I am also heavily into FMS) and I am very careful how I interpret movement. Today, two sales set the scene and the way they were executed gave me a strong impression of the "need to get out today" Wasn't relentless. I know people who trade T+3 and have no choice, they must/want to close out. Not saying that this is that - but it looked a bit like it.
For the TA scanners that run the usual suspect indicators, the weekly looks very good. The monthly looks good too. Markets love symmetry and the failure patters that may have spooked some in SDL's past have now diverged. We have retreated from GANN breakdown critical wave and nicely working back.
Feb will be a big month I think.
SDL Price at posting:
52.0¢ Sentiment: LT Buy Disclosure: Held
