TBT, TMV updates 02/28

TBT: Counts very nicely as having completed 5 waves down off the 2008 high. Each wave is perfectly subdividing. Looks like a trend change is underway. A break over the yellow major “1?” high would confirm this change. First target in that case is: low to high 50s. Looks like a good possible long with stop below yellow “2?”

TBT

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TMV: Same deal as TBT in that it appears and looks best as if a larger decline has ended. Here not a larger 5-waves down structure, but counts better as an ABC IMHO, with a cycle low made mid-2016. But, it really needs to break over $40 to confirm the low is in as then the pattern of lower lows has been broken. I’d wait until then to go long.

TMV