elliot stuff - for jaysee..., page-24

re: elliot stuff - the week that was hi red,

i agree - am expecting CBA to not get below 27.90. should make some kind of low in 1st/2nd wk of sep, tho. then another rise above 30.62...

if it does go below 27.90, another rise above 30.62 is still on the cards - just changes the whole structure back to 2001 or so...

my key perspective atm is that the move down from 30.62 is corrective rather than impulsive...

aside from that, i think speculator fatigue is starting to set in... getting harder to remain focussed on cba... vision getting blurry...

at the end of the day, doesn't matter where it goes, so long as one stays on the right side of it, or more importantly - gets out of the wrong side of it...

regards,

ultrafart