ABA_EOD Jun 27, 2012

1. ABA closed at 0.74. We continue to expect it will reach at least 0.76 to confirm this rebound. Here's why:

• Currently, tructure label ":c3" at low of 0.66 implies it's a wave-b.
• IF and WHEN ABA reaches 0.76 this ":c3" becomes an ":L3/:L5"
• The wave-iv correction is just a simple monowave ":3" followed
  by wave-v which terminates the entire Elliott wave

2. In previous charts, I indicated that the 51.96 RSI wall must be breached. Yesterday, it was. RSI now stands at 53.40

3. If 0.76 happens today, then we can conclude with confidence that the rebound and uptrend begins Jun 20, 2012.

4. Therefore, there may no longer be a "one more leg down." This 8-month downtrend has reversed.