CT1 – Constellation Technologies | Aussie Stock Forums


Hi folks,

AGX ….. up front, NO fundamentals are

considered in this analysis ….. only

technical tools used here ….. :)

In the AGX chart below, we can see that

the range down from the 29042004 highs

to current lows is about 84.5 cents. So

if our current low at 18.5 holds, then

our expected retracement target will

be about 60.5 cents.

Click here for zoomed-out AGX chart ….. :)

As posted above, we may expect a retest

of current lows, around 01052006, some

2 years on from the 2004 highs.

In the past four trading days, a weak

double bottom is showing with a hammer

candle,forming on Friday last.

—–

We should note that there’s likely to be

some underlying negativity in AGX, that

should dissipate late May 06, only to

return for the whole month of December 2006.

During these periods, any good news may

receive a muted response, whereas any

negative news may see an over-reaction

to the downside, just as we have seen

since the 09022006 high in AGX, at 37 cents.

Now, looking at the time cycles ahead for AGX:

03042006 ….. minor … (finances?)

07-10042006 ….. lows here??

14042006 ….. negative news – looks BIG???

17042006 ….. minor

01052006 ….. test lows again, around 2nd anniversary

of 2004 highs ….. ???

03052006 ….. minor news?

17-19052006 ….. 2 significant cycles here and

positive spotlight on AGX

26-29052006 ….. 2 minor and positive cycles here,

may trigger a short, aggressive rally???

01-02062006 ….. negative news here???

19062006 ….. negative spotlight on AGX

21-23062006 ….. June 2006 solstice and 2 cycles here

may bring positive news(finances???)

Late-July, August and September 2006 should see some

long-term changes being introduced to AGX, with the

spotlight firmly on AGX, throughout September 2006.

=====

happy trading

yogi

:)

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