It is fairly clear that the drop in SP is deep pocketed trading activity related. I did see a key GANN pivot point but called it incorrectly earlier in the week. Price and Time did meet and the move was today. The action suggests that there are one or two big players - a Duetsche, Goldmans etc... that see windows of opportunity to set up a trading position based on their own technicals (or they create their own technicals - more to the point. So, if we are of the view that there is no fundamental reason driving the price down (if it was, then that would be insider trading and would be a massive co-incidence with the technicals) then I would accept this as part and parcel of the world of the market. No wonder George and Guilio want to do something about it via consolidation.
SDL Price at posting:
34.5¢ Sentiment: ST Buy Disclosure: Held
