TSE

tsx jan 2011

Often we are wrong as this market is pushed up by forces that we do not understand, perhaps because they did not exist even a few years ago. Anyway , sticking to what we do understand , here  is the . After 2500 or so points straight up we should get at least 800 points down. If it happens this may be the beginning of the next down leg. Remember that Japan also hit its highs at year end as many other indexes/ currencies did. Time will tell.