slr buy/sell depth, page-15

I did mention a couple of days ago that the fall below $1.83 which was the Feb 2011 Support would see the support of $1.78 tested and failing that then the support of $1.72 tested.

Funny enough SLR today traded as low as $1.725 and bounced right off hitting a high of $1.77. The support of $1.78 has now turned into resistance because SLR could not trade over this point.

I've noticed people on some of these threads calling supports of $1.60 and $1.40? Don't know where your actually getting these figures from? The next solid support is $1.21.

So just to reiterate, a fall below below $1.72 means a new test of the $1.21 level. Nothing between that at all.

Regards,