Sunday, May 04, 2008

$TSX_TC Update for 05.04.2008

S&P/TSX INDEX - $TSX-TC

Monthly chart shows bulls managed to take price above the 8ema. Look for test of high.

Weekly chart shows index found support off prior resistance.

Daily chart shows bulls in force for most of the week. Will there be profit-taking next week, or will the bulls power through to new highs?

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