EMP.A, Sobeys update

emp.a dec 21 2012

This one was very easy, clear as a bell, except you have to wait more than 3 years before the wedge becomes evident (Aug. 5, 2011). After that it essentially does nothing for another year and a half. Especially if you tried to play this with options ,  time decay would have caused you to lose money. However now might be the time to give it another try. That the stock will drop at least to $35 is a virtual certainty, it is just a matter of time.By the looks of it the stock has traced out a first wave down followed by a (almost?) completed wave 2 rebound. Next should be a wave 3 (or a second wave 1) and things should accelerate to the downside. If at first …..