Michael thinks Andrew Flintoff should have let Monty Panesar loose on Andrew Symonds.
The Ashes - Video highlights and reaction
It might be the fifth Test in Australia but a similar situation is brewing in Sydney where all of the talk has turned to the 'next crucial session' between England and Australia.
At the close of play on the second day at the SCG Australia were 103 runs behind England with six first innings wickets in hand and with Andrew Symonds and Mike Hussey at the crease.
Overhead conditions and a pitch with bounce should help England's bowlers on the third morning and a couple of quick wickets could still see Andrew Flintoff's men into a position from where they can win the game.
Michael Holding though thinks that Flintoff missed a trick during the final session of the day when he could have attacked Symonds with Monty Panesar when the Australian was still new to the crease.
Holding told Sky Sports: "At 155-4 you would have to say that England must consider that they are back in the Test match but so many times we have seen England get back into Test matches after not starting that well and allow the occasion to slip.
"In my opinion I think that Flintoff made another mistake this afternoon. There were 11.5 overs left after the break and I am absolutely sure that now he is thinking perhaps I should have given Monty the ball earlier.
"When Andrew Symonds is at the crease, especially early in his innings, we know that he is a nervous starter and against a spin bowler we know he will want to hit his way out of trouble and he is liable to make a mistake.
"In that one over that Monty Panesar bowled he could have been dismissed. Why not bowl him earlier?"
England might also have been in a stronger position had they batted better on the second morning. From 231-4 England were dismissed for 291 with only Flintoff, who made 89, dominating the Australians.
Holding praised the Australian attack for taking the last five England wickets for 51 runs, with all four of Ricky Ponting's bowlers dismissing an Englishman.
"They all bowled very well," he said. "Glenn McGrath will bowl worse than that on occasions and get more wickets. I suppose he was a little bit unfortunate that a catch went down and when you see a catch going down early, it can affect your spirit and the way you bowl afterwards.
"Brett Lee really bowled very well. He was bowling a much better length. Normally you either see Brett Lee bowling very full or very short, he found that medium length there in this Test match."
The third day's play begins at 11pm (GMT) and Sky Sports' exclusive coverage begins at 10.55pm on Sky Sports 1. You can watch highlights of every day's action on Sky Sports and here on skysports.com.
