TLS has broken its recent support at $3.07. So, ever so slowly,...

TLS has broken its recent support at $3.07. So, ever so slowly, it seems the shape of early 2011 I was talking about is in the process of forming.

After hitting its $3.33 high and going ex div, TLS had some attempt to regain upwards momentum but failed. Gains were capped to $3.18 and $3.16 during which a "Bear Flag" type holding action seems to have formed.

Unless a quick turn around here, I feel a good chance we will get further weakness where we form the shape of 2011 (but likely not as deep). Don't know how far down it will go, the way I calculate, bear flag target of around $2.92 is a guide. Of course there is the gap at $2.87 as well. I don't know what the cause will be, maybe a shake in world markets, but should unfold by end of March.

TLS has had opportunity to act defensively and even go up since ex div, but hasn't and has been weak as it is 70% of the time. That is why I think it will fall more.

Example, if it was so strong 3 weeks ago where it rallied and was trading at $3.33, then stay there or get back there after ex div. Why from $3.33 down to $3.04 when nothing much has changed? Sometimes I feel TLS gets manipulated up and down. Maybe short selling algorithms bent on targets.

Of course, all the above is just my opinion and if it can't get back above $3.16-$3.18.