Canada: TSX 60 breakout

By Colin Twiggs
February 27th, 2012 5:00 a.m. ET (9:00 p.m. AET)

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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*.

TSX 60 Index

* 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

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