any chartists out there, page-7

F&B,

I agree with you - to an extent - but not because of Eliot wave counts.

I can't see low 5s but I don't think we have permanently cleared 6c yet.

As I have posted before, every level this year (2,3,4c) has been cleared permanently after an announcement that significantly ticks another box. 3MH will be the one that clears 6c for good. Until that happens I'm wary.

The last few days have made me think either, A/ general sentiment for FML strengthening or B/ Traders positioning for 3MH announcement. If B, 3MH recomm will not give the SP as big a spike as you might expect - traders will sell into strength. But it will still see the end of the 5s.

Just my take. Either way things are looking good. POG almost back to US1100 now so any rise to 1130ish could see it spike up and make up most of last few weeks losses and after that we're back near record territory. (And AUD POG has not fallen as much so good for Ozzies balance sheets)

A winner here for sure - the only correction with FML I see is S/T if problems with 3MH. Smooth sailing after that.

Merry XMas everyone and may 2010 be very profitable for holders - I don't have to wish that for you. Just hold your FML!

Cheers

C12