CAE update

CAE jul 2012

has not done much since our last blog, but it also has done nothing to negate any possibilities at that time. The bull triangle (in green) would still require a further drop to about $8, (max $6) but, of course , it does not necessarily have to go all the way to the trend line. The bear (in black) would need an e to a max of about $13 (it can go beyond the line). Combining these two possibilities would suggest a buy at $8 followed by a sell at $11 (30+%). If a thrust does occur it would be in the order of $14 to $12 so there will be a number of different ways to play this.