Colt - 2005 New Year, New Highs.............

You guys need some help...that is obvious so here it comes

Look at the top right hand chart

Look back datewise at the major chart movements that have taken place recently....waves down if you will for those of EWA persuasion.

July through to early aug saw a drop from 67p to 57p

Then early sept to mid oct a similar drop from 64p to 54p

Both events involved a drop of 10p

A slide from 60p(the last peak), to 50p was a forgone conclusion ..... but with the stubborn attititude of some holders the slide has been delayed and has as yet not kicked in .... see the chart shape which I see as a pennant formation of late.

It could now well be that the 10p slide takes off for the 3rd time when CTM hits 52p

Hence 42p is not as silly as some make out.

42p is also a previous support level

B