TLM Talisman March 31, by special request.

TLM MARCH31

I have tried to avoid being too opinionated on either gold or energy simple because I think we may be entering a deflationary environment, and , I do not understand what is going on. Now I know that that does not stop your average broker from telling you what to do, but then I am not interested in being an average broker. Anyway lets look at the E-wave position on this stock. It is 5 down from the top, then an a-b-c correction back up (there are no 5-waves, a lot of overlap and we have retraced about 1/3 already) which may have a dollar or two to go further but that is about it. Right here it is not a buy as best as I can tell.

OTC March 30

OTC MARCH30

Some time ago this stock was expected to drop (after a triple top over many years), it did drop after peaking on the trend-line. The drop is a 5-wave move and therefore there is a very good chance that further drops are in store. Even so a brief attempt at $46 cannot be excluded. All in all this remains a short on a risk/reward basis.