5 replies to this topic

[SilentOne]

The index that most of the world doesn't follow. Or maybe that's changed in recent years.

This analysis is produced with "The Hurst Trader" using my $SPX expert model as reference. THT is undecided on where to place the 80 week cycle low for the time being.

Have a hard look at this chart. This coming week marks the 79th week off the March 2009 lows. This chart is suggesting to me that the $TSX already bottomed out of its 80 week low in early July and will grind higher from here. There is risk of a backtest to the 11500 level. But as each week goes by from here, the odds are the 80 week low is in.

It could be we trade in the same pattern as observed off the August 2007 low. But I have seen buys in many different TSX stocks of late. We are heading into a 10 week low likely next week if not seen on Friday. The biggest risk is how the markets move into the next 10 week cycle due in Nov.

Look back to how the $TSX traded versus the $SPX in 2007 - 2008. Both behaved very differently primarily because of the commodity component of the Toronto market.

cheers,

john

P.S. It must be the summer or perhaps this isn't the right forum for posting my work. I am disappointed with some of the postings of late.

Edited by SilentOne, 29 August 2010 - 05:23 PM.

[CLK]

I suppose you are expecting the FLD2 to be hit since it is marked. You made a good call at the 09 lows, tops take time but you might be staying too long this time. 11800 Dow and I change my outlook.

[goldswinger]

[quote name='SilentOne' date='Aug 29 2010, 05:15 PM' post='540549']
The index that most of the world doesn't follow. Or maybe that's changed in recent years.

This analysis is produced with "The Hurst Trader" using my $SPX expert model as reference. THT is undecided on where to place the 80 week cycle low for the time being.

Have a hard look at this chart. This coming week marks the 79th week off the March 2009 lows. This chart is suggesting to me that the $TSX already bottomed out of its 80 week low in early July and will grind higher from here. There is risk of a backtest to the 11500 level. But as each week goes by from here, the odds are the 80 week low is in.

It could be we trade in the same pattern as observed off the August 2007 low. But I have seen buys in many different TSX stocks of late. We are heading into a 10 week low likely next week if not seen on Friday. The biggest risk is how the markets move into the next 10 week cycle due in Nov.

Look back to how the $TSX traded versus the $SPX in 2007 - 2008. Both behaved very differently primarily because of the commodity component of the Toronto market.

cheers,

john


Your work is fine John. Keep it coming . Thank you. I have a screaming buy signal on just about everything except the dollar, gold and bonds where I have sell signals!!!!

This Monday is going to interesting, but aren't they all?

GS.

[TechMan]

It could be we trade in the same pattern as observed off the August 2007 low. But I have seen buys in many different TSX stocks of late. We are heading into a 10 week low likely next week if not seen on Friday. The biggest risk is how the markets move into the next 10 week cycle due in Nov.

cheers,

john

P.S. It must be the summer or perhaps this isn't the right forum for posting my work. I am disappointed with some of the postings of late.

I understand how you feel. Don’t get disheartened. I enjoy reading your analyses, and I hope you'd continue posting your work here.

I’m also following the TSX due to the Canadian energy shares in my portfolio. There’s little doubt that the TSX has a pretty good setup here. If you’d compare Friday’s sector performance to the market bottom around 8/16/2007 – 8/21/2007, you’d notice very similar setup. The SPX went on to gain 200 points, and the TSX 2,000 points.

[Echo]

John, You work is excellant and I'm sure many here appreciate you posting. I think that the internals on TSX look fairly strong and it UP-DOWN volume chart is poised for a breakout with any follow-through on Monday. As commodities run on different cycles then equities to some extent, TSX may well have bottomed. Nice catch! BTW, I am looking for the equities 80wk to bottom this week along with the 10wk cycle unless the 10wk cycle came in at 41TDs. That would be as short as the 10wk cycle coming out of the July 20wk bottom in 2009 which came in at 40TD I think. Doc

[denmo83]

The index that most of the world doesn't follow. Or maybe that's changed in recent years.

This analysis is produced with "The Hurst Trader" using my $SPX expert model as reference. THT is undecided on where to place the 80 week cycle low for the time being.

Have a hard look at this chart. This coming week marks the 79th week off the March 2009 lows. This chart is suggesting to me that the $TSX already bottomed out of its 80 week low in early July and will grind higher from here. There is risk of a backtest to the 11500 level. But as each week goes by from here, the odds are the 80 week low is in.

It could be we trade in the same pattern as observed off the August 2007 low. But I have seen buys in many different TSX stocks of late. We are heading into a 10 week low likely next week if not seen on Friday. The biggest risk is how the markets move into the next 10 week cycle due in Nov.

Look back to how the $TSX traded versus the $SPX in 2007 - 2008. Both behaved very differently primarily because of the commodity component of the Toronto market.

cheers,

john

P.S. It must be the summer or perhaps this isn't the right forum for posting my work. I am disappointed with some of the postings of late.

Thanks for sharing your work John! Most appreciated.