slf nov 19 2011 mfc nov 19 2011

One I think might be a buy, whereas the other is a model case of not how to do it. The difference is perhaps not all that apparent, but Manu has been going south for much longer than SunLife. More importantly the exposure by Manu to the equity markets is, I believe, much larger, but I do not have specific info to this effect. From a pure EW point of view Sun appears to have completed a clean 5 wave sequence down. Manu on the other hand needs to go down a bit further which could potentially create a new low below that of 2009 at around $8.50 or so. Keep in mind that the Sun buy is only for a trade of about $6 and not a hold under any circumstances.