The "internal trendline" for TSLA held perfectly on this pullback.
I keep publishing charts to show how "internal" and using "highest lows" and "lowest highs" for are more informative than using the "extremes" to figure out what is going on. Just as in life, it really isn't about the "extremes" but the "averages" that matter.
If you look at all the other graphs on TSLA that show that it didn't hold support on this pullback and THEN you look at this one... You'll see how valuable understanding this concept is.
Tim 9:21AM EST, Friday, May 23, 2014