Sunday, March 29, 2009

$TSX-TC Update for 03.29.2009


Monthly chart shows current support holding, with bullish engulfing candle pattern about to complete this week.

Weekly chart shows the bulls continued to make new high last week. However, as the end of the week approached, traders took profits.

Daily chart shows the chart is getting a little toppy at this level, and traders took profits into the close of the trading week. Look for a deeper pullback and retracement of the entire move up off the current low.

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