TSE feb 3 update

tse feb3

Few times that I can remember has any market, bond, stock or whatever been so utterly un-volatile as the . It is rotating around 8750 without any real resolution with respect to direction; soon it will have lasted 4 months, in fact by one measure it already has. These  tranquil episodes are consolidation ( continuation) phases and normally they are resolved in the  same direction as where they started, in this case down. Some might think that all this is base building and that therefore the next big move is up. Perhaps. From an EW point of view, given the overlap, it is possible but would still be counter-trend. Stick with the downside until proven wrong.