I think volumes say a lot about the conviction in the price...

I think volumes say a lot about the conviction in the price move.

If we started to regularly see weekly trade volumes increase to 5M+ as the share price pulled back that would be cause for concern.

As for MML's sentiment, the stock has been trading above it's 50 day or 150 day SMA permanently for 6 months now, and it dips below its 50 day SMA for a three days (it's still well above its 150 day SMA) and you call that a sentiment change....

While it still trades above its 150 day SMA, I'd say long term sentiment is with it. A bad week doesn't reverse the positive sentiment that has been built up over the last 6 months.

Here's some fun facts:

Since MML bottomed, it's had a 23% correction in November, a 24% correction in December and a 29% correction in March...

Currently we are down 15%, this sort of move is normal.

Unless the fundamentals change (production cuts or PoG hitting new lows) corrections from here are just buying opportunities.

And for anyone who is nervous about the overall market and Australian economy you need only look at what happened to the Price of Gold in AUD terms did during the GFC - it went UP by 68%...