ASN Chart, page-4217

Short term weakness for the MACRO biting now, especially the DOW, .....gap down bearish engufing candle with high volume ( 470 pts ) on Friday night, ........yuk.

Hoping that was ABC exhaustion, with gap now been filled ( yellow arrow ), good support directly underneath ( green shade ), sub wave 4 down sitting right on top of the peak of wave 1, should be very little downside left and imminent wave 5 up pending...if i am reading the tea leaves right there.....



ASN is currently ABC sub wave 4 down, after sub wave 3 up finished double top 17.5, hardly suprising profit taking came in since the run started at sub wave 2 down ( sub 8c ), currently SP sitting right on top of a reasonable support zone, given the DOW dropped its dack by 470 on Friday night, there is a reasonable chance that it could drop lower, to the 61 fib support which is reasonably strong or worst case , drop down to very strong support at 10.5 which would provide a wonderful top up oppourtunity if you had the spare cash prior to sub wave 5 up and a whole heap of FA to follow.......

I pick up a nice parcel at 12.5c on Friday and will pick up more bargains on Monday should it eventuate.

Talk about XMAS in November............

Ho, HO, HO, HO

imo