Sunday, November 1, 2009

Monday opening prediction, TSX

So, Friday was a terrible day on the market. However, near the end of the day there was new buying. We are at a key support level and the market has been sideways for three days. Three times the sellers have tried to push through the the 10,750 level with no success. This level was a key resistance level on the way up; back in July and August. It has also been tested once and held. So to the prediction...Monday will be an up day. The tick won't be large and it will be sorted, but expect the current level to hold and look to buy on lows of the day.

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