TSX bearish portrait: counter-trend rallies, fail and repeat

Source:  Cory Venable, Market Technician, Venable Park Investment Counsel Inc.

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5 Responses to TSX bearish portrait: counter-trend rallies, fail and repeat

  1. Robert says:

    http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=xiu.to,pluadanrbo%5Bpa%5D%5Bd%5D%5Bf1!3!0.10!!2!20]&pnf=y

    http://stockcharts.com/def/servlet/SharpChartv05.ServletDriver?chart=hxu.to,pluadanrbo%5Bpa%5D%5Bd%5D%5Bf1!3!0.1!!2!20]&pnf=y

    These Point and Figure Chart lines up very nicely with Cory’s chart. Buy a Put when an X prints just below or at the Bearish Resistance Line and sell on the first 3 Box Reversal into O’s.

  2. Robert says:

    I messed the last post up. The Sell is on the first 3 Box Reversal into X’s after a reversal into O’s. An X and an O. I guess it was too complicated

  3. dave says:

    sell in may worked get ready to buy when it snows in november

  4. dave says:

    canadian oil sands suncor petrobas exxon all priced almost like it was at the bottom of 2009 when oil was bottoming. Great dividends with those also. Oil may indeed go down a bit more but i cash dividends while I wait.

  5. alphahunt says:

    Hi Danielle,
    You may want to post .jpg or .png images instead of .bmp….they load a lot quicker.

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