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12350 looks like stiff resistance
5 min ascending triangle - target 12350 approx, shown on 15 min chart as well
USO - close to resistance (energy 27% weighting of tsx)
HXD - small falling wedge
H&S that recently broke down - target 11800
May be forming a larger falling wedge that could eventually lead to a bigger rally and help set up a right shoulder on the long term weekly chart
But hey, we're going to keep an open mind and listen to the message of the market
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TSX - For your viewing pleasure
Posted by kingpin777 on 13th of Sep 2011 at 10:59 pm
12350 looks like stiff resistance
5 min ascending triangle - target 12350 approx, shown on 15 min chart as well
USO - close to resistance (energy 27% weighting of tsx)
HXD - small falling wedge
H&S that recently broke down - target 11800
May be forming a larger falling wedge that could eventually lead to a bigger rally and help set up a right shoulder on the long term weekly chart
But hey, we're going to keep an open mind and listen to the message of the market