why the current correction matters..., page-8

Interesting how the volume has dried up the past three days - the fundies sitting on the sidelines waiting for the new financial year to kick over??

I wonder if we will judge this the calm before the storm for CBA as the buying power that has driven it thus far may well have dried up and it is starting to show all the signs of rolling over.

History is also interesting here - check out the price action in June and then July over the past two years. Strong buying into June and then they hammer it in July.

Any other views / thoughts?

Regards,

Jaysee