SDL has held very well today and it would seem the hopes of some...

SDL has held very well today and it would seem the hopes of some to pick up at 15c are misguided based on a technical retrace alone. The only way we will see 15c again is through a shocker on he Dow and the fear of god put into the market. IMO the support is just too strong.

In saying that there is an equally strong chance that those sitting at 15-15.5 may see today’s 16.5 – 17 c entry as a good chance to get in below recent highs. It’s a bit of cat a mouse at the moment and one big buyer taking out all of 17 could see things moving again.

Food for thought.