SHLD Sears , update.

SHLD feb 2012

Exactly a month ago (see previous blog Jan 23) we mentioned that this stock could have completed a very nice a-b-c down, where the c is a diagonal. These normally reverse themselves with a vengeance which is why we labelled this stock a screaming buy  provided it would exhibit side was action for a little while (in a triangle, which was incorrect). In any case the stock jumped 9.7+ dollars, almost 20% on some real estate financing story, whatever. Lets just call it the waves.