Canada: TSX 60 breakout
By Colin Twiggs
February 27th, 2012 5:00 a.m. ET (9:00 p.m. AET)
The TSX 60 broke through resistance at 720, signaling a primary up-trend. Recovery of 63-day Twiggs Momentum above zero strengthens the signal. Expect retracement to test the new support level, but target for the advance is 790*.
* Target calculations: 720 + ( 720 - 650 ) = 790
Bankers know that history is inflationary and that money is the last thing a wise man will hoard.
~ Will Durant