**get ready to buy all the banks***, page-13

Utopian here is some previous comments on CBA (thread was set up under ticker CAB by mistake)
Was written before the NAB dumping - CBA's fall was technically driven.
Hope it helps.


Subject re: chart please (commy if you are there)
Posted 03/07/04 15:14 - 40 reads
Posted by commy
Post #314228 - in reply to msg. #314209 - splitview

Howdy Pete, here is the daily and weekly chart for CBA.I think it will most probably have an upday or two from here before continuing to fall. I see next main support at 30-80 if the downtrend were to continue.The weekly chart does not look very promising for CBA in the next few weeks either. The MACD , RSI and stochastic indicators are all suggesting down.I would think that by the end of July the price would be in the $31 - $31-50 range after testing the 30-80 area.Although the dividend you mention might stir things up.What strategy have you entered, or are you considering still?I have no position here.CheersCommy