Just a quick update on the TSE . The retracement of wave 1 or A down could be over here (at wave 4) but it can just as easily continue to about the 62% level or higher. Then , as a minimum, we should get a second 5 wave move down. This could take us to the 12650 level or farther down, depending on it being either a 3 or C (the former typically can go a lot deeper).