WLT, Walter Industries, update

wlt jul 2012 swlt sept 2012

The usual then (July) and now. I am not at all sure there actually was a bona fide triangle but in any event, it worked. The stock hit a low of about $32 the other day completing (?) a 5-wave sequence down. Normal rebound levels would be $70, $80 and even $90 as the top of the triangle.Of course the question is , can it go lower?

wlt b sept 2012

Yes it can, but by some measures it may have gone too far already. Worth discussing with your broker?