CCO update

Now that the Japanese reactor has joined Chernoble by having a 7 on the disaster scale it is a good time to review CCO;

CCO apr 12 2011

There may be a triangle in the wave 4 position, and then perhaps not. Either way we are in the 5th and last wave down which should itself subdivide in 5 smaller waves. My guess would be that the $24/$24.50 would be a good level to buy, but the stock could drop all the way to $22.