HSIC, Henry Schein, update

This one dropped right on cue, but then came right back. In the big picture nothing has changed. Here is the updated chart;

HSIC jul 2011

The stock is topping. The next big move should be wave C down. See also Feb 11 blog, in which a $75 price target was suggested.

HSIC Henry Schein Inc.

As predicted this stock would either drop right away or at around $75. It did but came right back. Here are the charts.

HSIC2011 HSIC20112

This medical instrument maker is either doing a vanilla 5th wave, or a b-wave. Does not matter at this point, it has reached $71 already and may make it to around $75 where the upper trend-line is. From there the stock should fall a lot.