TSE update

TSE May 24 2010

Due to the holiday in Canada the chart skips a day so the anticipated 4th wave triangle is a little harder to discern. Anyway, for the moment it looks like today’s 250 or so point decline at the open , followed be an almost flat close for the day is wave c of the triangle, d and e still to follow. After that wave 5 should take the TSE to about 11000 or so and that MIGHT then conclude this specific leg. however it is not clear at all what the exact degree of this wave is , other than that it is not a bottom!