TSX Index (11605)

In December 2005, I said that my unique price momentum models remained strong as we approached important year 2000 resistance at about 11424. The other day we poked above this millenium technical barrier, and since then we have held on just above it.

We are now at uptrending technical resistance, and my models suggest that a short term correction is possible from here. It would be quite surprising if price action totally ignored the year 2000 high.

My work indicates that the longer term trend remains strong.