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From : International Equity Index Daily Hotline: 23 October 2014
Chart of the day: Peak KDR by Canada's index

 

The recovery from the oversold low at 13646.8, also a 'Trough' Key Day Reversal, by the Canadian TSX Composite index has stalled.  Plotting a bearish key reversal at 14584.3, the market has encountered resistance at the 200-day moving average.  A push over that line is now required to remove the danger of some further retracement of the recent counter move up.

 

 






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