TSX is Looking Very Bearish

eWallstreeter | eWallstreeter | June 2, 2011 3:32 pm

I’m bearish on the Toronto Stock Exchange (TSX) as of today’s close and will be looking to short it via Canadian ishares (EWC). Precious metals are weighing this index down significantly and I think it’s getting close to having a big price decline.

Looking at the daily we have a lot of room to drop to reach the lower trend line…

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