S&P/TSX INDEX - $TSX-TC
Monthly chart shows the market has given back about 62% of the gains made since the low made in October 2002. Market remains well below all key moving averages at this time. No buy signal/pattern evident on this timeframe.
Weekly chart shows index remains extremely bearish, with index well below all key moving averages on this timeframe. No buy signal/pattern evident on this timeframe.
Daily chart shows index remains well below all key moving averages at this time. Price action indicates more consolidation than new buying. Look for continued consolidation before the next leg down.
Sunday, October 19, 2008
$TSX-TC Update for 10.19.2008
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