Sunday, January 25, 2009

TSX-TC Update for 01.25.2009

S&P/TSX Index - $TSX-TC

Monthly chart remains bearish with no buy signal/pattern evident on this timeframe.

Weekly chart remains bearish with no buy signal/pattern evident on this timeframe.


Daily chart shows that while the index is making short term higher highs and higher lows, it remains stuck in a trading range since the low was made November 21, 2008. Look to next week's trading session to see if the bulls want to make a run to re-test the january 6, 2009 high.

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