TLM update

TLM march 8 2013

Last time we thought TLM might do a little better from the recent of about $10 and move up to , say , $17. So far at least it has not reason perhaps to revisit that prediction. Having stalled at $13 the possibility of a triangle presents itself. The clearest part of this chart is the B-wave, the rest is all (educated) guesswork. Stocks dance around with a certain elegance and symmetry that is ,more often than not, hard to explain, so if we engineer this in reverse the possibility that is not complete becomes very compelling and we may well get the original target of <$8.