Sunday, April 06, 2008

$TSX-TC Update for 04.06.2008


Monthly chart shows short term support holding for now.

Weekly chart shows the January 22,2008 low was made the 3rd month from interim high made the first week in January 2008. Current support is a higher low, and was made on a 3 week pullback to test backend support.

Daily chart shows strength coming back into the Canadian market, as evidenced by the strong upside move the past week. Friday closed the week right on the 200sma. Let's see if we get continuation or not next week.

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