Saturday, March 01, 2008

$TSX-TC Update for 03.01.2008


Monthly chart shows current support off the 34ema. The month of February 2008 ended up slightly positive, but remains stuck in a trading range.

Weekly chart shows the last week of February 2008 ended with a doji candle pattern, indicating indecision between the bulls and the bears. Look for next week's trading activity to indicate next direction.

Daily chart shows increasing pressure appeared on Friday, as the day's trading activity traced out a bearish engulfing candle pattern. IF we get continuation lower next week, THEN look for test of the January 22, 2008 low.

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