Tuesday, April 1, 2008

TSX Composite Index Forecast April 1, 2008

Here's a short-term forecast for the TSX Comp Index. I called the last couple of turns correctly and thought I would stick my neck out a little this am to see if I can do it again. I see a possibility of the next downturn occurring at a point no higher than ~13,450. I can often call the turns correctly but the extend of the move that follows and the duration of the move are much less certain.

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