is there life beyond cloud cookoo? part 2, page-5

hi salty

i wouldn't rule out the nice neat graphs for now.
the nature of your typical A-B-C correction is still very measured, and normally leads to a resumption of the previous trajectory, only slightly lower, if you get my drift. it basically is indicative of prudent and value driven buying (long termers, not daytraders). no surprise there.

just as a reference, here is an example of a very similar chart (this one is of everybodies favourite neighbour at doolgunna - no cross promotion intended).

see how the "that's better" leg is basically a replica of the "uhh ohh" leg? now they have reached the end of their range, and it's time for investors to decide again whether they have reached full value.

if you apply this to our own chart, you still get a worse case scenario of 65c by christmas.

i don't think the wild cards will come into play until we get some clear motivation, either news or broker coverage driven