{"id":2236,"date":"2011-11-20T20:18:57","date_gmt":"2011-11-21T01:18:57","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=2236"},"modified":"2011-11-20T20:18:57","modified_gmt":"2011-11-21T01:18:57","slug":"canada-tsx-60-6","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/20\/canada-tsx-60-6\/","title":{"rendered":"TSX 60 warns of another decline"},"content":{"rendered":"<p>Canada&#8217;s TSX 60 index broke medium-term support \u2014 at 680 on the weekly chart below. Respect of the descending trendline suggests another decline. Failure of primary support at 650 would confirm. 63-Day Twiggs Momentum deep below zero also indicates a strong primary down-trend. A conservative target for the decline would be 580*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2011\/2011-11-18-tsx.png?w=525&#038;ssl=1\" alt=\"TSX 60 Index\" \/><\/p>\n<p style=\"text-align:right;\"><span style=\"color:#999999;\">* Target calculation: 650\u00a0\u2212 ( 720\u00a0\u2212 650 ) = 580<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#8217;s TSX 60 index broke medium-term support \u2014 at 680 on the weekly chart below. Respect of the descending trendline suggests another decline. Failure of primary support at 650 would confirm. 63-Day Twiggs Momentum deep below zero also indicates a strong primary down-trend. A conservative target for the decline would be 580*. * Target calculation: &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/20\/canada-tsx-60-6\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;TSX 60 warns of another decline&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[1008,2758,2759,3504,3510],"class_list":["post-2236","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-descending-trendline","tag-primary-down-trend","tag-primary-support","tag-tsx-60-index","tag-twiggs-momentum"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>TSX 60 warns of another decline - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TSX 60 warns of another decline - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Canada&#8217;s TSX 60 index broke medium-term support \u2014 at 680 on the weekly chart below. Respect of the descending trendline suggests another decline. Failure of primary support at 650 would confirm. 63-Day Twiggs Momentum deep below zero also indicates a strong primary down-trend. 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Respect of the descending trendline suggests another decline. Failure of primary support at 650 would confirm. 63-Day Twiggs Momentum deep below zero also indicates a strong primary down-trend. 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Respect of the descending trendline and 63-day Twiggs Momentum oscillating below zero both suggest another decline. Failure of primary support at 625 would offer a target of 580*. * Target calculation: 650 - ( 720 - 650 ) = 580","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4409,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/21\/bad-news-for-canadian-stocks\/","url_meta":{"origin":2236,"position":1},"title":"Bad news for Canadian stocks","author":"Colin Twiggs","date":"May 21, 2012","format":false,"excerpt":"Canada's TSX 60 index broke through primary support at 650, confirming the primary down-trend signaled by 63-day Twiggs Momentum. Expect a decline to 580*. Recovery above 650 is unlikely at present, but would warn of a bear trap. * Target calculation: 650 - ( 720 - 650 ) = 580","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1234,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/10\/tsx-60-finds-support\/","url_meta":{"origin":2236,"position":2},"title":"TSX 60 finds support","author":"ColinTwiggs","date":"October 10, 2011","format":false,"excerpt":"Canada's TSX 60 index found support between 620 and 650. A rally to test resistance at 730 is indicated, but the primary trend is down and 13-week Twiggs Money Flow continues to signal selling pressure. Reversal below 650 would warn of a decline to 580*. * Target calculation: 650 -\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1800,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/canada-tsx-60-4\/","url_meta":{"origin":2236,"position":3},"title":"Canada TSX 60","author":"ColinTwiggs","date":"November 7, 2011","format":false,"excerpt":"The TSX 60 is testing the band of resistance from 720 to 730 and the descending trendline. Upward breakout would indicate that the primary down-trend is weakening, while respect would warn of another test of primary support. The sharp rise on 13-week Twiggs Money Flow indicates buying pressure, but there\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4460,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/28\/canadian-bear-trap\/","url_meta":{"origin":2236,"position":4},"title":"Canadian bear trap?","author":"Colin Twiggs","date":"May 28, 2012","format":false,"excerpt":"Canada's TSX 60 index recovered above primary support at 650. Follow-through above the April low of 675 would indicate a bear trap, presenting an early buy opportunity for aggressive traders. The more cautious may be inclined to wait for recovery above 730, especially as 63-day Twiggs Momentum (below zero) continues\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":13802,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/02\/18\/one-swallow-does-not-a-summer-make\/","url_meta":{"origin":2236,"position":5},"title":"One swallow does not a summer make","author":"ColinTwiggs","date":"February 18, 2016","format":false,"excerpt":"\"One swallow does not a summer make, nor one fine day; similarly one day or brief time of happiness does not make a person entirely happy.\" ~ Aristotle (384 BC - 322 BC) Similarly, one brief rally does not make a bull market. Dow Jones Global Index found support at\u2026","rel":"","context":"In &quot;Market Insights&quot;","block_context":{"text":"Market Insights","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/market-insights\/"},"img":{"alt_text":"Dow Jones Global Index","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-02-18-djw.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-02-18-djw.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2016\/2016-02-18-djw.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=2236"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2236\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}