AFL, Aflac update

afl oct 2012 bafl oct 2012 s

We look at stocks randomly, or because they are in the news or something else attracts our attention. It is therefore pure coincidence if we happen to look at it at the time it makes an exact extreme. Furthermore, if we comment that “this stock is going down a lot further” do not wait for this service to tell you when we are there. There are simple too many stocks to allow for ongoing surveillance.

We had a sell on this one at about $53 (see previous blogs). It went to about $31 and we hope that you bought back if you were short after a profit of say 30% or so. A year has gone by and the stock has again done an a-b-c up and about to reach the line connecting the tops. If you look closely you will also notice that the pattern in 2008 to2010 is repeated on a smaller scale in 2011 and 2012. At about $53 it will reach that line again (if it does) and then it should resume the downward trek.

If , for some reason, you SEE a huge triangle here – which would be bullish ultimately – you would still get out as wave e is still required and should take the stock down about $10+

AFL, Aflac update.

AFL 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.

AFL , Aflac

afl may 2011

Aflac is an insurance company. Claims are increasing exponentially as a result of the non-existing global warming and, at the same time, a major source of income, that is the yield on collected premiums has also become virtually non-existent courtesy the Feds interest rate policies. Yet this stock has climbed right back up to near the all time highs. I suspect, as is so often the case, that the stock has met resistance by way of the channel that used to provide support. A prudent person would sell this stock without regard to the charming and irresistible  duck or goose that represents this company.