new charts , page-51

SDL in my opinion is almost a leading indicator for the rest of the market. I'd say the rally on wall street was overdone and will correct downward tonight. I expect a weaker end on the ASX today. Also here is a chart showing how recent support becomes resistance. This is what I have been going on about- now it's clearer visually. Note the bullish cross on the MACD looking good.

Personally I sold and will wait for SDL to break 34.5 before re-entering. If it declines I will re-enter at a lower position. Simply sell at resistance and buy above if broken to play it safe and lock in profits. ( I hope I am still allowed to post on SDL being a non holder now form the 'must hold to post police')