CBA - mid point 13/8/99


CBA - mid point 13/8/99

We may see CBA bounce here, back to $25 / $26.

(1844 + 2876) / 2 = 2360. I would also calculate 1686 low, plus 2876 high divided by 2 = 2281. I would then average 2360 and 2281, as Gann sometimes suggested, giving 2320. Natural support levels. This was hit on Friday. Watch next week. CBA should move up a dollar or three, possible back to $26. (Mid point of move down 2876 to 2312)


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