SPL chart, page-10

Hi folks

Early in the week I posted this

" Short term A wave (7 Dec) 1.255 to (10 Dec) 1.53 . Followed by a B wave (10 Dec) 1.53 to (11 Dec) 1.40 which was about a 46% retrace.

So these C wave extension targets I am proposing are a litmus test to see if the Viraleze announcement caused a change in perception of SPL.

C wave extensions Ext 23.6% = 1.595 , Ext 38.2% = 1.635 and Ext 50% = 1.665

So over the next week or so, if we manage to get up to the 1.60 - 1.64 range, then I will perceive that something has changed and will have more hope for the immediate future."

Currently the SP is encountering the first resistance level 1.495, The next resistance is at 1.53 the recent high.

I suspect that we will not close todays action above 1.495, we may retrace a bit before the close. However, the next weeks trading before Christmas will be interesting time for my litmus test.

Here's hoping.

Cheers Lies