S&P/TSX INDEX - $TSX-TC
Monthly chart shows market remains well below all its key moving averages. No long term buy signal/pattern evident on this timeframe.
Weekly chart shows the bulls managed to take the index up above its 8ema. Despite the strong support down below, the bulls have not managed to make much progress in the seven weeks since the November 2008 was made. Looks more and more likely to be corrective move and consolidation/trading range is in place.
Sunday, January 11, 2009
$TSX-TC Update for 01.11.2009
Posted by TraderZ at 1/11/2009 10:48:00 AM
Labels: $TSX-TC
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