WLP, Wellpoint

WellPoint Inc., WLP Advanced Chart - (NYSE) WLP, WellPoint Incwlp jan 2012

Wellpoint provides healthcare services. The charts are no different than most others and are decidedly bearish. In the big picture it is A-B-C large flat that will take another few years to complete on top of the four that have already passed. The position today is that we are in wave 3 of C, having just recently completed wave 2. There are very few credible alternative scenarios for this stock.