Sunday, March 02, 2008

SLM Analysis for 03.02.2008

Seth Klarman is the 4th largest shareholder of this company with a position worth $482 million.

SLM CORP. - SLM

Monthly chart shows the stock sold off almost to the .786 fib retracement level. No buy signal/pattern evident yet on this timeframe.

Weekly chart shows price stuck in small consolidation range. No buy signal/pattern evident on this timeframe.

Daily chart shows an abc 3 wave corrective pattern in place. Look for lower low as the downside target. No buy signal/pattern evident on this timeframe.

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