ikhutch, for one there is a gap down at 8c from May 2009. I am a big believer that most gaps get filled. Not all but most. The last few months has reaffirmed this view with many gaps being filled that I never thought would be.
Also, the move up since the 10c in April this year looks correctional in nature to me. Perhaps we have even seen the top of the rally last week at 15.5c which clearly looks like an ABC Elliot formation.
