Saturday, July 5, 2008

My View on TSX (Canadian Stock Market)

My view on TSX has only 2 charts.

2.4.4 TSE Advance-Decline Issues (Daily), while TSX was making a new high, the breadth was making a new low. This means only a few stocks were up and up while the majorities were down and down.


8.0.7 NYSE Advance-Decline Issues 1997-2003. Look at year 1999 to 2000. Exactly the same thing happened, NYSE was making a new high while the breadth was going down. Look at what had happened after year 2000.


I think TSX is about to repeat the history.
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5 comments:

  1. YagerJuly 6, 2008 at 2:15 AM

    Great analysis. I got shafa here. :-)

    ReplyDelete
  2. AnonymousJuly 6, 2008 at 4:24 AM

    2nd sofa

    ReplyDelete
  3. JoeJuly 6, 2008 at 11:37 AM

    Cobra,

    I have already regularly read your charts and comments on StochCharts. I think this is the best market analysis on the web. Thanks for sharing this with us.
    Joe

    ReplyDelete
  4. kurichhOctober 28, 2008 at 6:00 PM

    Hi Cobra
    I decided to go over the blog right from the beginning , so i would ask u a lot of questions..please do not mind.I m from India , so am not familiar with some of the terms used here ..
    Q.1. What is $TSE and $TSX ??

    ReplyDelete
  5. kurichhOctober 28, 2008 at 6:03 PM

    oops....sorry to disturb u cobra but.. i got it ...TSX is Toronto stock exchange ...

    ReplyDelete