In the previous post the two links lead to dynamic updating charts of the CDNX and The TSE.
Checking out the two links there is some evidence of MACD positive diversion
in the CDNX chart.... still though... it's effect should be prolonged due to the eye of the summer doldrums... July, August.
The TSE on the other hand still points down... (no MACD positive convergence.)
While not a 100% guarantee... our target for a market bounce in both exchanges... with a little leeway... is the middle of August.
It is possible to run into a singular issue that may buck the trend and good luck to the pick, but as an averaging strategy that relies on the best 7 out of ten to maintain a portfolio winning streak... the odds are way down.
In a down market bullish buy signals are not trustworthy... in fact topping signals are the pick of choice for bailing or taking short positions... however, we are entering the bottoming stage of the broad markets and likely the best strategy is to be sidelined for the moment.
GLTA Lostoutwest
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