TSE , S&P

TSE seot 15 2010

Just to belabor the point, above are charts of the (blue) and the (purple). If we did or did not have a wedge is immaterial to the outcome. Nevertheless it is clear that on the it is possible to assume either that there is a wedge or, by subdividing wave 3, a simple 5 wave wave 1. On the TSE this is not possible due to overlap that would than occur, ergo the TSE must have been a wedge, the may have been a wedge.

Notice that the TSE is very close to the critical negation point, whereas the S&P is still quite a distance away; the result of POT, maybe?