31c provides perfect technical equilabrium on this retrace according to Elliott Wave theory (assuming a top is not already in place that is ??) . Present prices now fit into the 31c - 34c completion zone I have on my chart, but it is amazing how often I see equalibrium come into play when technically analysing stocks, and there's not a thing anyone can do about it apart from wait for it to complete and stay patient!!! So all I can say is lets be done with it and get as close to this 31c price level as possible today or tomorrow , and once done we look for signs of background strength coming into play - there has been no signs of background strength coming into play for some time , either obvious or hidden so we go nowhere until it does. My preferred wave count is that a top IS NOT in place here and that in fact we are now tracing out an intermediate Wave 2 which once completed (and we look close) , will lead to the most exciting wave yet in AIMs history on the ASX !!!!! Exciting hey !! Of course if that is a significant top in place at 42.5c , we're all doomed witha break of 29c signalling this possibility !
cheers ECN.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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