RE: hammered under 7If you look at technicals based on weekly oscillators the MACD crossed over big time, and Momentum and Williams% are all pointing almost straight down. It built to 9 based more on emotion than reason, and now that the wind is out of the sails, reality is setting in. The pattern is identical to Redback, which has seen its wings clipped as well after a couple of recent stumbles. The Niger thing was the rip in the sail for SMF's momentum. At least the traders now know the upper range. Next two support levels on the way down are 6.50 and then not again until around 6.00.
eebler