TSX update

tsx apr 25 2012

As almost always after a wave 5 from a triangle the index should return to approximately the highest point of that triangle. That would allow another 60 points or so to the upside (and of course upsides have lately much further than one would normally expect), and then the downside should resume.

PS the 5th wave is assumed to have “failed”, that is it did not go far enough. This is a little problematic.