elliott wave update

now I've got all my data feeds working again (yes , we had a meltdown back here ), I've been able to take a better look at AIM again from the technical side. It is very obvious that we have a 5 wave sub structure in place from 20c to 42.5c within the last run up - typically we should now get a 3 wave structure back down to anywhere between 38.2 - 61.8% . The former is possible but is a bit shallow unless the stock is extremely bullish ?? 34c completes a 38.2% retrace so we have this in place now, with 31c being the more typical retracement (50%) for this particular stage of the trend, also coinciding with the support we should get coming out of the placements at 31c . So to me, we have a 31c - 34c price range where this corrective phase should complete if all is still well with AIM behind the scenes . The market depth looks so solid above 32.5c that 31c seems hard to believe but i think we need to be aware that at least from a technical perspective, it could be seen . If we head into new highs without going below 34c again , I have some fantastic EW price targets to share with everyone that I've been hesistant to disclose due to lack of true evidence . The worse case scenario of course is that a significant top is in place at 42.5c, but there is going to have to be alot of technical damage taking place over the coming weeks for that to be a possibility. AIM is now deciding just how deep it wishes to retrace on this corrective phase - its already met the minimum criteria of 34c but like I said , these shallow retracements are reserved for only the extremely bullish - is that going to be AIM resources ??

cheers ECN.