Friday, March 21, 2008

$TSX-TC Update for 03.22.2008

S&P/TSX COMPOSITE INDEX - $TSX-TC

Monthly chart shows no buy signal/pattern evident on this timeframe.

Weekly chart shows heavy selling last week. Current support of the .786 fib area for now. Look to see if the January 2008 will hold or not.

Daily chart shows consolidation/trading range. Early buyers stepping back into market on Friday. Let's see if we can get some follow through next week.

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