Dirt If my analysis is correct (?) , today is the 6th day that we have been winding around in an intermediate Wave 4 of a larger Wave 5 - the maths I used going back on the first day of this wave 4 suggested we would see a low in the range of 24-27c. Looking at how things are panning out here I wouldn't be surprised to see 25.5c end up being the low point here. The fact is though its still churning through to its resolution and may need a little more time - the longer it churns though the better the next thrust up will be . I'm still really liking this, especially the way it is unwinding on comparitivily low volume -all great signs . I'm looking at the volume just now and I reckon some buyers are starting to quietly come back into the fray aswell today - Now I'm not suggesting we've finished with this correction yet and we could still could go lower but today is the first day in the last 6 that the selling has started to show evidence of slowing down (they might be just having a day off though so more evidence over the coming days is needed - its easy to get sucked in by being impatient) .... so the low is 25.5c at this stage which is smack bang in the middle of the targets set 6 days ago so I'm very happy with whats going on at the moment. Please note though that all this is my own opinion based off my trading system - like anything though, its never ever right 100% of the time so there's my disclaimer . If AIM starts trading below 24c I will seriously consider selling as it will be a technical red flag for me. But At the moment , it still looks great for further gains ... I'll keep my 51c short term target in place until something changes . hope this helps. cheers.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
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