Look at our 2 previous blogs. Some points were dead on, some were dead wrong. At $43/45 it looked like the stock had peaked and it immediately dropped about $15 or so. We think the count we had then was simple wrong. Given the overlaps it now makes the most sense to label the entire move from the 2003 as a “diagonal”, that is a wedge. This stock made a new high yesterday and is now on or above the top trend-line of this wedge. Slight “throw-overs” are very common. If this count is correct, the stock should start dropping very soon and should do so towards the base of this wedge structure which is around $13. Other possible counts, a 4-5,4-5 at the end or a large B-wave all have targets at least to $20. We’ll see.