TLS chart, page-614

Looking like a nice reversal day with open for the day and the low same, $3.45. Then all up from there.

Volume in early afternoon trade very good at 30+ million.

I still think this is a Wave 4 pull-back before wave 5 starts. Just a little deeper and more scary than expected for some. But that is how it works. Money is not meant to be handed out easily.

Doing a bit of investigation, coming out of past TLS bear markets, 2006 and 2010, TLS had pull-backs of size -10%, -12% and -13%. In one case, we had a similar approach to $4.00, then a fall to $3.58. In our current case, we had $4.01 to the low today of $3.45 (-14%). So, all this has happened before and is fine. This time was just a little more aggressive, but we are ok I think.

Remember, it is called a bull run and there will be times when the bull tries hard to kick you off her back. This is one such case.

Besides, Wave 4 should not intrude into the territory of Wave 1 which had a high of $3.41, so the price stopped just before the top of Wave 1. Means we are still ok for Wave 5.

Today and yesterday were actually days to buy, not sell.

I bought a nice chunk yesterday at $3.46 close.

We need a continuation of green for next week and we should get it. Looks like $3.45 was the bottom.



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