The usual then (31 july 2012) and now charts;

Granted that it did not quite make it to the line but it did rebound fast and furiously from around that level. The rebound is exactly as expected, a zig-zag. The next move should be as indicated then, that is down a lot further.

The stock stops dead in it’s tracks where the two parallel trend-lines intersect. Presently it is on a path towards the lowest point of the triangle. It should do an A-B-C at the very least, perhaps a zig-zag as shown, only a little further than that. Wave 4 of previous degree is at $10.