The chart on the left is an old one, from Jan. 31 2012. We are now another $10 lower. On the right is the big picture, they are a dime a dozen. At $53 we are probable somewhere in the middle of wave 3 of C.

Wellpoint provides healthcare services. The charts are no different than most others and are decidedly bearish. In the big picture it is an A-B-C large flat that will take another few years to complete on top of the four that have already passed. The position today is that we are in wave 3 of C, having just recently completed wave 2. There are very few credible alternative scenarios for this stock.