CBA 1.01% $88.88 commonwealth bank of australia.

still undecided...

  1. 436 Posts.
    CBA lately reminds me of an encounter with some alien creature that Dick and Harry Solomon used to joke about: "We hit it, and we hit it, and it JUST WOULDN'T DIE!"

    Occured to me today that the 78.6% retrace of the impulse down from $30.13 to $28.90 is $29.86... so the subject impulse down and subsequent move up to today's high of $29.85 could still be the third successive 1-2 prelude to the 3rd wave down... if so, the 3rd wave down should be a doozy.

    However, if above $29.86, one could pretty well dismiss that view, and turn instead to the prospect of another major leg up over the coming couple of months.

    Any thoughts on this?


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