Winnebago Industries Inc (WGO)

[PURA VIDA]

Sure looks like WGO is in another downward channel as they were back when gas went to $5 per gallon back in 2008 right before ole GWB left office.

Almost put WGO out of business then, and it appears that this could be another run down to $3 per share as back then. They were GIVING Recreational Vehicles away back then, and they may have to do it again as gas quickly approaches $5 going into the summer.

Take a look at the downward channel. More specifically, take a look at the repetitive pattern...sideways to up for about 13-15 trading days, then a 2 to 3 day 2 to 3 dollar plunge, then sideways to upper again for 13-15 days...then another 2-3 dollar plunge.

We are right at the verge of another 2-3 dollar plunge as we have made our way sideways to the upper bollinger, the 50 day EMA, and the top of the downward channel.

Let's see if this chart will continue to repeat itself again.

SHORT baby SHORT

S4