Monday: oh so wrong.

Well Monday's prediction was off by a lot. That's the way the forecasting shouldn't work.... However, today we have seen some interesting market action. A sell off in the morning followed by a sharp increase to the positive side.

This leaves us still at an important level on the TSX. We haven't broken the resistance level yet, and we haven't made push higher (that would be yesterday's routing).

Is there opportunity with this chaos or lack there of? Yes, the down days provide a buying opportunity and the back and forth days provide a bottoming effect for the market to move further higher.