5.5c here we come!, page-10

I'm no guru.... other wise I'd already be rich and not bothering .... my take is that from it's inception MTY now CDY has been sold off and made a lonnnnng bottom scraping along from 2009 onwards.

You are right re the support line you mention.

I don't believe that the 10c hike at the end of 2010 was anything but a ramp and I'm not sure how to identify it in Elliot wave. I was on Lord Howe Isl with limited wireless internet and saw the spike. I couldn't believe so sold into it. I was lucky, bought 300k on the 3rd and sold that and a few more into the rally on the 4th and 5th.

If 5cents was a w1 up then we had a w2 a,b,c down to 0.022 on 26/06/13
We could now be in w3
w1 of 3 to 0.037 on 18-07-13
w2 of 3 again a similar shaped a,b,c down to 0.025c
Now potentially w3 which should be 5 waves with subwaves.
I suspect there is a long way to go and we are in w1 of 3 of w3 only.

I'm watching and waiting.
Sorry if this is a long answer to your question re line from 10cents.

As I write this I note that the inital rally today went to 4 cents, retraced to 0.037 cents and now is back at 0.04 cents. with continued volume. It follows the script :)