Sunday, January 27, 2008

iShares Canadian Dividend ETF Analysis for 01.27.2008

iSHARES CANADIAN DIVIDEND ETF - XDV-TC

Monthly chart shows sharp selling the past 4 months. No buy signal/pattern evident yet on this timeframe.

Weekly chart shows early buyers stepping back in. No clear buy pattern/signal evident as of yet on this timeframe. IF we get a buy pattern, THEN look for continued strength to the upside. However, IF price remains stuck in a trading range/consolidation, THEN look continued weakness and lower still.

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