TSX and DOW

Clearly the did not stay in the triangle, it is now more likely an a-b-c, more or less the original thought. We will see. In any case 4 days in a row, up and down more than 400 points has never happened before.

Concerning the , I am wondering if another original idea might not apply, given the violent move. Do not think so but one cannot help but wonder.

tsx aug 11 2011 tsx aug 11 2 2011

On the left is the original idea . It was discarded because it took to long. On the right is the latest up-leg. Just like the Dow , 900 points up in 3 days is insane. It looks like a wedge but  short-term I am not going to guess.