S&P/TSX Canadian Capped Income Trust Index Analysis for 01.20.2008

S&P/TSX CANADIAN CAPPED INCOME TRUST INDEX - $RTCM-TC

Monthly chart shows index to have retraced more than 50% of the last move up from 2004. Index is currently stuck in a trading range. IF current support breaks, THEN look for a much deeper retracement.

Weekly chart shows the consolidation range. Index currently trading well below longer term moving averages. No buy signal/pattern in place on this timeframe.

Daily chart shows sharp selling pressure. No buy signal/pattern in place on this timeframe.