S&P/TSX INDEX - $TSX-TC
Monthly chart shows index to be below its 8ema and the up trendline in place.
Weekly chart shows short term support holding, with bulls stepping back into the market/profit-taking by short sellers. Index remains below all its key moving averages.
Daily chart shows possible 5 waves down from the June 2008 high. IF we have 5 waves down, THEN look for abc 3 wave retracement.
Saturday, August 23, 2008
$TSX-TC Update for 08.23.2008
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