TSE Feb 12, can things get more annoying ?

tse feb 12 2010

It is difficult to rhyme the with the TSE, they seemed to be a little out of phase with each other. In the S&P the last leg down looks more like a new wave down whereas in the TSE the idea of a B-wave seems more plausible regardless of the appearance of 5-waves down, Certainly the possibility of the action over the last few days being a wedge (has to be a c ) would make that imperative. Even so the wedge may be a simple a-b-c as well so I would not dwell too long on this. Here the important thing is that whatever the pattern in either the S&P or the TSE, we are at the cusp of a big down-leg.