Thursday, September 2, 2010

TBT

Below my TBT_15 trend model (along with Elliott Oscillator) which as you can see, has been nailing shorter-term moves:


TBT_15 Trend Model

What may be of particular interest here is the apparent triple top, except, triple tops are very questionable and there even may be no such animal.  If so, the forecast is for a break-out to higher levels, in accord with the bullish trend analysis.