Then, Dec. 6 2011, and now charts;

See previous blogs. Despite a minor initial error with regard to where the B wave ended, the stock has followed the script nicely. Short-term things are not that clear;

As we are not sure where the large B-wave terminated it is hard to determine where it will go from there. Perhaps an irregular a-b-c for wave c. The last part should still subdivide in 5 waves, either without overlap (green) or as a diagonal (black). Given the strength in the RSI and MACD we would prefer the diagonal.

Despite the possibility of still lower levels it now looks like a first wave was complete under $9. If so a wave 2 is now underway which may take the stock towards $13. Long term here should be more downside (see previous blogs).

MDI did stop its retracement at $13.50 or so, but the wave 2 may have been more complex than anticipated, consuming more time. Alternatively a quick 1-2 of 3 got interwoven with wave 2. In any event we are now in wave 3 and matters should unfold a little faster.

Unlike Westport which appears to be making a triangle, this action looks a lot more like a flat, an essentially sideways structure. $13.50 would be the target and then probable down again.