TLS chart, page-650

Yes the gap down to $3.51 filled today as indicated on the hourly chart. Penn is ready to open his mouth again tomorrow.

I did feel the recent rise up had a shape that was too exponential. Today's action took care of that and brought it back down to earth.

What we want and need now is a green candle day tomorrow. It can have a low open, say at $3.50 (today's low) but we can't have it going lower throughout the day. Open low at $3.50 and then be a green candle by days end and follow through recovery into Wednesday.

We need the price to get back above the 22 day EMA and to stay above it for 5-7 straight days and not fall under it again (as it did today as shown). If we stay above the 22 day EMA, it would be an indication that this recent bounce from $3.40 is Wave 5 starting.

I suspect today was just a trick and we should be ok again tomorrow after a nervous start in the morning. Notice how today's fall was on volume of only 18 million shares. It wasn't real selling.