with Beer in hand (unlike Frank with martini in hand) the...

with Beer in hand (unlike Frank with martini in hand) the technical picture has improved somewhat today and is worth some comment to attempt to predict some future movement here for everyone . Firstly volume was up today (backed by slightly increasing volume over the past few days) . Secondly, the close was near the highs today , as against previous days where sellers continued to dominate on the close . So the path of least resistence is starting to be up rather than down, but this is just the first day, so more confirmation still needed . We've had some nice churning at lower levels which has shaken out the holdings of the impatient and those that timed their entry badly at higher levels who just got fed up and have finally taken their losses (sorry Fedex) ... the bigger players are patient and do this all the time . Its always difficult to be patient on the corrective waves down but if the technical picture stays in tact there is really no reason to sell , and at this point , the technicals remain intact. If I've labelled my chart correctly (??) , we may well be finally commencing a larger Wave 5 now and the EW maths is targetting completion at 55c .... wave 5's can be anything though, so the next 3 months or so could be quite exciting for holders. One word of caution - i still think zinc will want to have another downturn at some stage (hopefully the present low will not be breached on this test) soley to confirm whether its low is in place or not, so watch for a high swing low pattern to occur - I expect the same to happen to AIM which will mean perhaps a bit more upward movement to 34c or thereabouts , then a swing back down to 30 / 31c or thereabouts, then we impulse strongly to new highs - this is the kind of bullish pattern that I'd like to see for AIM over the coming weeks, even if no formal news presents itself to the market - the fundamentals will always drive the technicals , the problem is , often we don't know what these fundamentals exactly are, but the charts behaviour should at least provide some clues (both positive and negative). Anyway , don't take this interpretation as full proof because its not and I still think another slight swing down over the coming days / weeks will occur before we get some blue sky again and a confirmation that all is still well with AIM .

Overall, I'm still liking this alot . All the best for the weekend guys . cheers ECN