TSX, update

tsx jan 27 2013

The seems to always want to do 1000 points and then some once it makes up its mind. We have done that this time again and for all we know it may go on just a little further. But we are reaching the 62% retracement level and are starting to see the RSI and MACD get a little overdone. In the meantime this index is where it was a year ago having served no other purpose than irritating both bulls and bears. The triangle, in light grey, did not pan out but this count is ultimately a lot more bearish as it would require a 3,4 and 5 down instead of just a C down! We will see, as usual.