TSX update

TSX june 26 2012 ltTSx june 26 vs 2012

Today we ran up almost two hundred points in the last hour or so, supposedly on rumours with regard to the Eurozone. Whatever. The TSX appears to be well into wave 3 of C. The count shown is just a wild guess. Expect the market to go a little higher tomorrow despite horrendous results from RIM, and then the down trend should resume. The normal 5 wave sequence appear to be breaking down into 1-2.1-2 etc etc 4-5, 4-5. It is hard to know where you are but given the a-b-c counter trends we should go lower, probable much lower.