DJI , TSE ,S&P update

dji may 9 2010

Our idea of a triangle wave 4 in the was obviously incorrect, however the idea of a 4th wave may still be correct. Alternatively, a faied 5th wave could be supposed in both the DJ and the &P but is a bit of a stretch in the TSE (evenso that would not improve the situation by a whole lot as that would make wave 4, wave 2 correcting the entire down move.) In both cases look for overlap to negate this outlook. So far we retraced about 62% so if it does not get better soon it may get a lot worse.