Tuesday, February 19, 2013

TBT trade comments

TBT - Chart Link - TBT was a trade idea back in Jan as a low risk entry near the trendline support.  It is trying to bounce off the 20 MA again.

TBT - Chart Link - here's a daily count offering both a very bullish wave count (noted in blue) as a sub dividing 5 wave pattern or a corrective ABC move (noted in black), however even under the ABC corrective move it should still make a new high as a wave C

TBT - Chart Link - here's a 60 min chart, set up into a nice triangle pattern - one could buy a position now with a tight initial stop placed just below the lower trendline of the triangle

TBT has been correlated to the market has relates push high along with the stock market

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