SLF update

slf may 2011

Sunlife (see previous blogs) fooled us a little with its extra long 5th wave taking it an additional $2 lower to about $18. In any case you should be long this stock from about $20,50. Soon it will be time to exit. The ideal target is $26 to $27. The rise from December could be either a 5 wave move or a corrective a-b-c. In the former case we could go a lot higher but not immediately. In the latter case, which is more probable, we will make new lows. In both cases it looks as if we are in some minor degree triangle which would then require at least one more push up. Note that both the RSI and MACD already have rolled over. Take the almost $5 profit and move on.