SLF update

slf sept 2 2010

  in this last down-leg from $31 to below $24 there is a lot of overlap so the possibility that this too is a diagonal is quite real. If it is we should (at the very least) move back to the $31 level, and do so in 3 waves (first to $28.50, than a drop of 2 dollars and then on to $31. An equivalent level on MFC is at about $17/18.This is obviously at odds with the market overall but keep in mind that a stock like MFC was close to all time lows whereas the market overall is only down a few hundred points from the highs which were 62% above the lows. Clearly their was and is room for these stocks to do their own thing.