TLM update

TLM march 8 2013

Last time we thought TLM might do a little better from the recent low 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 C is not complete becomes very compelling and we may well get the original target of <$8.