TSE Feb 19

TSE feb 19

We have to be very careful here, the biggest mistakes are always made after you have been right for a while. It is possible that we are in a bigger and longer corrective pattern. Technically no wave within a triangle should be a 5-wave affaire. There is one here (after the A-B- up), and this worries me as it suggests that perhaps this all is just a B down to be followed by a C up to higher levels. action on WMT worries me as well. C could go to 10200 or so. At this point I am not embracing this possibility but it should be given serious consideration.