RY , again

ry march 2011

It was not surprising that RY would have a little jump to about $59 as anticipated on the 18th of Feb. However, we got a little more than expected, all the way up to $60 +. This makes the outlook a little more precarious but unless we make a new high , this does  still seem to be the correct interpretation, but the target of $44 should be raised accordingly to about $47 or so.