Hamilton's E-Wave Analysis

TSX update

tsx april 18 2012

The anticipated triangle is still possible but not very plausible. Even so the direction may still be the correct one. A lot of noise in the markets very little is clear. India lowered it’s rates, Canada may raise them earlier than expected. GS earnings were good, then again they are a lot lower than they used to be. Mr Carney is going to Threadneedle Street and Spain borrowed another 1/2 trillion from the ECB but yesterday’s 4 bln. new issue went well. Obama is going so stop the bad speculators and natural gas keeps making new lows, but is hardly used for transportation this side of the pond.