BNS update

bns june 5 2012bns june 5 2012 s

The 4th wave triangle shows up in a multitude of stocks. Here we have the same possibility with Bank of Nova Scotia. Again the degree is not clear, even if it materializes. It is either 4 of 1 of 3 (or C) or 4 of 3 of 1 of 3 (or C). In any event the clear a-b- rebound virtually guarantees a new absolute low sometime in the not too distant future. For the moment this is the best road map.