next target, page-17

Hi all,

Below is a chart, similar to one I posted last night. IMO it shows a clear break out of our long running channel. ie. yesterday IMO was a serious break down as we now fall quickly to our low down one full channel width.

Today we attempted to retest the underside of the channel at about 3600 yet failed miserably.

Look I could be wrong but IMO good luck if you think this is the time to go long.

Just consider: CBA - technically is heading to $25 so that's still 15-20% downside there. BHP - IMO has to at least fall from $24 to $22 to offset the $2 blowoff from $48 to $50.

IMO the expected 17th turn date has now past - IMO this was the 1 day rally on the 13/14th.

Just my opinions and often I'm wrong making very short term (eg overnight) calls. But the daily chart looks pretty clear to me.