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$TSX Hurst Analysis


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#1 SilentOne

SilentOne

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Posted 02 September 2010 - 11:50 PM

The TSX is destined for new highs. Price broke above the June high today. I posted the significance of a possible higher low last week. I wonder how the gold sector will affect its performance in the coming week or two.

http://www.traders-t...?...=123012&hl=

It is very clear now that the $TSX put in an 80 week low at 71 weeks in early July, although this is not yet confirmed by the software. This was early thanks to agri stocks and some commodity sectors. A secondary low and higher low, which arrived last week at 8 weeks on, more or less coincided with a general market low this week.

What astounds me is the relatively minor 10.2% correction observed this summer.

cheers,

john

http://www.sentientc...om/?page_id=264

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Edited by SilentOne, 02 September 2010 - 11:53 PM.

"By the Law of Periodical Repetition, everything which has happened once must happen again and again and again-and not capriciously, but at regular periods, and each thing in its own period, not another's, and each obeying its own law ..." - Mark Twain