CBA longer term

CBA weekly and monthly charts are shown below however note that the monthly data is not up to date for some reason.

As previously posted CBA has tested horizontal support too many times and is at risk of falling through, however the longer term picture has some very bullish indications as follows:

1. Significant relative strength when compared to the XJO.
2. Current decline has matched both the 2007-2009 and 2010-2011 declines in terms of time.
3. Current decline is being supported in the 33-38% retracement range, consistent with a continuing bull market.
4. Previous decline into 2011 low retraced slightly less than 50% of the range, indicative of a strong trend. 
5. Wide spacing between the 2010 high and current lows, again indicative of a strong trend.