hi kiddies,chart below for CBA shows my expectation for a dip to...

hi kiddies,

chart below for CBA shows my expectation for a dip to somewhere between $28.90 & $27.90 within the next couple of weeks. If this view is borne out, then CBA shouldn't go back above $30.14 before the low is posted.

looking a bit tenuous with the div coming up next monday - previous years CBA rallied to the div date then dropped by ~$2.00. Could be the wave count shown is wrong - ultimately, I don't care, because it could even go above $30.62 again without killing the Wave 4 theory, which is: CBA has to post a low between $28.90 and $27.90 by the first week of Sep, and then a rally will take CBA back to new heights in the lead-up to Christmas 2003.

but it would be nice if CBA just rolled over now and kept my nice chart pattern intact.

(if CBA actually gets below $27.90, that will change the long-term view to bearish, but even then CBA should still have a rally to new heights leading up to Christmas 2003.)









at the end of the day, time will reveal the truth. don't trust what i say, make sure you set stops before you trade.

regards,

ultrafart.