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This is a follow  up  to  my  TBT  comments in Chat of April 1, 2011, May 27, 2011 and June 1, 2011 :   

Using  Bo's  Wave3  targets  based  on  MIMA  fans  close  to  the  reversal  point,  if  there  is  a  reversal  in  this  area at the targeted low on June 1st,  there  is  the  possibility  of  a  MIMA144  fan  forming  quickly.    That  gives  a  target  of  200  %  of  Wave  1,  which  is  in  the  55  to  56  area.    By  extending  a  line  parallel  to  the  Wave1  trendline of  117  bars  (Series  6  Fractal  6) out  233  bars  (Series  6  Fractal  7  )  you  get  to  that  mid-50s  level  in  April  2012.    That's  also  a  resistance  area  from  April  2009.    144  weeks  from  April  2009  is  in  March  2012.   Certainly  a  speculative  strategy  can  be  developed  for  taking  advantage  of  this  scenario  if  it  develops.  An alternative target is January 2012 (144 days from now) and 127.2% of Wave1 (MIMA34fan) about 47.  This is shown in the accompanying chart. 

Note:  in June, the 117 days and 89 days are the number of bars from the December 2010 and February 2011 highs.  The horizontal yellow line is the Series 6 Fractal 7 PhiBo 214.  If you put PhiBo144 on the chart and look at it in Series 4, 5 and 6, you will also see that the February 2011 high is probably an area of strong resistance.  Also, add PhiBo610 (will show in Series 4 only.)

Does all this analysis mean that it will happen?  No.  But it does provide a PhiCube logical framework for evaluating TBT's price behavior.  Adjust as necessary until the "model" fails or succeeds.

(Click on chart to enlarge it.)