If only I had my own IT man here I could get this Java problem fixed,evenso for someone 4 years behind it is ok for the moment. The 2 identical charts are of the TSE. There are two possible counts, the one on the right with the triangle is more elegant ,so to speak, whereas the one on the left is EW slightly more kosher. In any case we try not to be perfectionistic in our approach, the purpose after all is to make money. Both counts point to an imminent drop of tradeable (and avoidable) size if you are in the market. About 2000 points down is a reasonable target from whatever the little e or 2 manages to eek out, and that is if wave 5 does not extend! S&P is, IMO at the same juncture. Why, no idea but as the saying goes, buy on rumour and sell on fact. The rumour ,ofcourse, is that Obama has devine powers and needs only wave his magic wand . Perhaps not true????????????????

My Java, not the coffe but the computer programme is still not working ok and as a result I cannot (yet) make annotations within the chart itself which would make things more readable. But this is a work in progress!  Both the TSE S&P and, for that matter , many others appear to be in their 4th waves which are frequently triangles, particularly if the second wave was a zig-zag and alternation should be anticipated. Triangles should be a-b-c-d-e affaires and each leg should be a 3-wave structure (as opposed to 5) and more often than not the alternatively relate to each other by a factor of 62%. So a is from8537 to 10199, b from there to the low of 7647, c the most complex back up to 9505 and most recently d down to todays low of 8650 or so. Probable it is not yet over, a little closer to 8000 would look better, then back up in e o roughly 9000. Then 5 starts down 2000 or so points! This wave could extend as neither of the others, that is 1 or 3 seem to have done so. Once the 5 subwaves of 5 of C are done this will be a screaming buy for a minimum of 30% up over 3/4 months. Again the HXU would be a good instrument for this.