SLF, Sunlife update.

Then (twenty days ago) and now charts;

slf dec 1 2012 bslf dec 20 2012

We anticipated that the stock would climb to between $27 and $28. It hit $28 and reversed. Since there is overlap either this entire scenario is wrong or it has to be an expanding diagonal. We will go for the latter option which would then imply that this stock is now in its 5th wave down on the way to a new low. The message, though slightly different, is the same for MFC.