AFL, Aflac update.

was one of those stocks that had a B-wave and was expected to go down. Here is the chart;

afl jul 2011

See the earlier blog from May 17th. We were where the black arrow is on the chart. Call it $53, from there it dropped to $44 or about 17%. Waves one and two especially are pretty clear, but wave three may not even be complete. Time will tell but ultimately this stock despite it’s affable duck should go a lot lower.