With SLW falling hard, we remain long — but risklessly so, since the eight December 40-45 call spreads we hold were legged on at no cost.  From a technical standpoint the stock seems likely to fall to 36.99 if it takes out D’s sibling midpoint at 37.99.  Both Hidden Pivots are shown on the chart, within a pattern looks sufficiently compelling that I’ll advise adding to our long position with a 37.03 bid for 400 shares, stop 36.89, day order. _______ UPDATE (September 28, 1:10 a.m. EDT):  The stock fell to 36.33 before trampolining higher, stopping us out for a loss of about $60 plus commissions. We still hold the call spreads and can simply sit tight for the time being. Because the downtrend exceeded a clear ‘D’ target, bulls will need to push above the recent peak at 40.34 to get out of jeopardy.