AGF.B The Mutual Fund Comp. update.

Back in Jan we predicted that this stock should soon lose at least $10 from its price of nearly $17 at the time (see previous blog). Here is the chart;

AGF.B June 2012

Wave Cs should always be sub-dividable into 5 separate wave, however some corrections are double or triple zig-zags and consequently you will not see the 4 waves. In any case we should make a new low below $7 or so before this is over. We could be in 4 of 3 of 3 or 3 might be just about over but then we would need a 4-5. Keep in mind that this thing traded above $40 in its heyday.