iShares Canadian Income Trust ETF Analysis for 01.27.2008

iSHARES CANADIAN INCOME TRUST ETF - XTR-TC

Monthly chart shows possible 5 waves down into current support. Price remains well below the 8ema. Down trendline remains in place. No buy signal/pattern evident on this timeframe.

Weekly chart shows early buying as eager sellers gapped prices down hard on Tuesday, only to find bulls stepping in early, and taking price back to where it closed the week before. No clear buy signal/pattern evident as of yet on this timeframe. Watch next week's trading activity to see if there is a buy signal/pattern established or not.