07/08 Indices, page-128

CBA aggressive selling all day so far - even into rises.

Bounce level is yesterdays close, so atm may be just be distribution of yesterdays closing block.

If sells through that level then there could be more to it.

Earnings day bounced direct off recent consolidation zone VPOC at $105.22 - if that holds then its safe to assume shorts were the weapon of choice in that zone.

Recent sell off also had aggressive sells the whole way down. This is not congruent with a near term bounce as not even shorts were being closed (suggests more downside to come).

As long as $105.75 holds
$100.73 first target
$99.70 next target