IMG, IamGold update

img feb 20 2014 lIMG feb 20 2014 s

See also previous blogs. This stock looked like a buy months age. It was but barely. Looking at it again, argument can be made that the 5th wave (of  C in an A-B-C correction) is not yet complete. There is some overlap but that is acceptable in a diagonal. Wave 3 cannot be the shortest and as it is already shorter than wave 1, wave 5 cannot drop below $2.25. That is also where waves C and A are equal. Time will tell.