Saturday, March 29, 2008

$TSX-TC Update for 03.28.2008


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

Weekly chart shows bulls are currently holding support, but were unable to clear the current resistance directly above.

Daily chart shows increased selling pressure on Friday, as the bears came out in force, and wiped out any gains made on Wednesday and Thursday. Look for continued weakness, and at least a test of the current low at the 12,454 area.

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