Sunday, February 08, 2009

$TSX-TC Update for 02.08.2009

S&P/TSX index - $TSX-TC

Monthly chart shows the index remains well below all its key moving averages. Support off the key LIS appears to be holding for the time being.

Weekly chart shows the bulls managed to close the market above the 8ema once again.

Daily chart shows short term buy signal/pattern in place. IF the bulls can gain any upside traction, THEN look for profit-taking at the January 2009 high.

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