WFC, update

WFC mar 2012wfc may 20 2013

Then and now charts, then being 11th March, 2012, more than a year ago. We thought $40 would be good enough, of course it has gone well beyond that by about $ 10. But absolutely nothing has changed in the wave count and with it the expectation that the stock will soon decline, perhaps when it hits the lower trend line.  This one, like JPM, is one of the few big banks that is actually trading at new highs. Why is not entirely clear.

Here is a more comparable chart;

wfc may 21 2013