Its a ledge pattern Dirt, often a sign of accumulation, and its...

Its a ledge pattern Dirt, often a sign of accumulation, and its been going on for over a month now as everyone is well aware . The longer it goes on for , the more energy it will build, and the stronger the break out will be (up or down are both possible !!!! I'm naturally leaning towards up due to some other patterns surrounding the ledge that are bullish in look). From an EW perspective, I've always been in two minds as to whether this is a drawn out intermediate Wave 4 playing out here with the last Wave 5 still to complete to around those 50c levels, or whether our larger Wave (1) is actually already completed at 38c and we have now put in a major Wave (2) down to 20c which took about 2 months to complete .... the more I look at the chart the more I'm now thinking its the latter - if correct , this sets AIM up as a very bullish speculative play , with the maths on the larger Wave (3) heading towards 80c - don't expect this to happen quickly as this is a larger wave count scenario with lots of ebbs and flows in between and other market factors potentially brewing that could take control and choke it , but its a positive projection looking forward regardless. For the immediate short term though, we look to have a nice ledge thats building lots of energy with a close above 26c potentially creating an immediate quick bullish move to 29c+. Nothing has changed here - we need it to trade and close at or above 26.5c for this to occur.

From the other side of the ledger - what are NS's motives here . They now own over 11% of the company !? Are they buying more to be entitled to more on the next raising at lower prices - I've personally got no problem with it as they will almost certainly support the raising price which wouldn't surprise me to see it come in at around 23c. Must admit I do feel at times that they are buying and selling to themselves at these levels - it does happens and it has a purpose. I personally wish some local funds would get more involved in AIM to knock out the monopolised feel that the price action has at the moment. This is Just specualtive comment as no one really knows, except of course AIM, NS , Brewer and a couple of his nubiles . All harmless fun of course !

Cheers . ECN

p.s. yep, large cross trade over 8 million just went through at 24c !!??