Ann: Aura Completes Equity Raising, page-77

This will be a little too esoteric for some, but I was looking at AEE's daily chart tonight and it surprised me at how closely past action has so far resembled current action - almost like a fractal. Whether we can use this information to divine future price action might be pushing it but theres some really interesting things to observe.

Note that the orange line is just a trailing 52 day price line - that is it represents the highest high made over the last 52 days.

So at 1 in both the pink and yellow rectangles, price has started to range and the orange line has fallen to meet the price action and acts as a reasonable resistance point.   

At "2" we get our first real test at pushing up and over the 52 day highs (orange line). You often see this first attempt fail. The prices then retreat and need to wait for the orange line to start falling toward price action before the next rally ensues.

You will notice the uncanny similarity in the MACD and SROC indicators in the lower panes from then and now - very fractal in behaviour.

So our orange line will fall to 0,029 this week. Will this coincide with a major attack on overcoming 3c next week, or will we need to bide our time for another five weeks like we did in the last pattern breakout?

So theres one other thing to observe on my chart. I have circled in a happy face where the orange line starts falling dramatically. IF you look at the price action that accompanies the same date you either get prices stalling in a downtrend (at least for some weeks)and starting to range, or you potentially get a rally.

We're close....I can feel it.