{"id":4575,"date":"2012-06-08T17:22:34","date_gmt":"2012-06-08T21:22:34","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4575"},"modified":"2012-06-08T17:22:34","modified_gmt":"2012-06-08T21:22:34","slug":"canada-tsx-60-head-and-shoulders","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/08\/canada-tsx-60-head-and-shoulders\/","title":{"rendered":"Canada: TSX 60 head and shoulders"},"content":{"rendered":"<p>Canada&#8217;s TSX 60 Index threatens to complete a large head and shoulders reversal with a break below support at 640. The first shoulder is in April 2010 and the second in March 2012. The recent <em>iceberg<\/em> on 63-day Twiggs Momentum warns of a primary down-trend. Failure of support would offer an immediate target of 560* and a long-term target of 460*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-06-09-tsx.png?w=525&#038;ssl=1\" alt=\"TSX 60 Index\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 640 &#8211; ( 720 &#8211; 640 ) = 560; 640 &#8211; ( 820 &#8211; 640 ) = 460<br \/>\n<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Canada&#8217;s TSX 60 Index threatens to complete a large head and shoulders reversal with a break below support at 640. The first shoulder is in April 2010 and the second in March 2012. The recent iceberg on 63-day Twiggs Momentum warns of a primary down-trend. Failure of support would offer an immediate target of 560* &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/08\/canada-tsx-60-head-and-shoulders\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Canada: TSX 60 head and shoulders&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,34],"tags":[3504],"class_list":["post-4575","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-us-canada-countries-regions","tag-tsx-60-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada: TSX 60 head and shoulders - 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=\"Canada: TSX 60 head and shoulders - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Canada&#8217;s TSX 60 Index threatens to complete a large head and shoulders reversal with a break below support at 640. The first shoulder is in April 2010 and the second in March 2012. The recent iceberg on 63-day Twiggs Momentum warns of a primary down-trend. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. 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He founded PVT Capital (AFSL number 546090), which provides income and growth strategies to wholesale clients. Colin also co-founded Incredible Charts and writes the popular Patient Investor newsletter. Using a top-down approach, Colin identifies macro trends in the global economy and then combines fundamental and technical analysis to evaluate opportunities in sectors that stand to benefit. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1bN","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":4872,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/17\/canada-tsx-60-tests-primary-support\/","url_meta":{"origin":4575,"position":0},"title":"Canada: TSX 60 tests primary support","author":"Colin Twiggs","date":"July 17, 2012","format":false,"excerpt":"Canada's TSX 60 index is headed for another test of primary support at 640. Failure of support would signal a primary decline to 560*. 63-Day Twiggs Momentum is rising but respect of the zero line would warn of a strong down-trend. * Target calculation: 640 - ( 720 - 640\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":4909,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/23\/canada-tsx-60-hesitancy\/","url_meta":{"origin":4575,"position":1},"title":"Canada: TSX 60 hesitancy","author":"Colin Twiggs","date":"July 23, 2012","format":false,"excerpt":"Short, overlapping candles indicate hesitancy on Canada's TSX 60 index. Reversal below the lower channel at 650 would warn of another primary down-swing -- confirmed if primary support at 640 is broken. Respect of the lower channel, however, would indicate a rally to the upper channel border. 21-Day Twiggs Money\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":5106,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/07\/canada-tsx60-rising-broadening-wedge\/","url_meta":{"origin":4575,"position":2},"title":"Canada: TSX60 rising broadening wedge","author":"Colin Twiggs","date":"August 7, 2012","format":false,"excerpt":"The TSX 60 continues in a rising broadening wedge consolidation rather than a trend channel. Thomas Bulkowski observes that these formations end with a downward breakout 73 per cent of the time. That would threaten primary support at 640 and a decline to 600*. A 13-week Twiggs Money Flow trough\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":1552,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/25\/canada-tsx-60-2\/","url_meta":{"origin":4575,"position":3},"title":"Canada TSX 60","author":"ColinTwiggs","date":"October 25, 2011","format":false,"excerpt":"The TSX 60 index also shows a small bullish divergence on 13-week Twiggs Money Flow, suggesting secondary buying pressure. Expect a rally to the descending trendline at 720. Respect would signal another test of primary support at 640. Breakout remains unlikely, but would offer a target of 800*. * Target\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":5223,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/13\/canada-tsx60-rising-broadening-wedge-2\/","url_meta":{"origin":4575,"position":4},"title":"Canada: TSX60 rising broadening wedge","author":"Colin Twiggs","date":"August 13, 2012","format":false,"excerpt":"The TSX 60 continues in a rising broadening wedge on the daily chart. Thomas Bulkowski warns these are bearish formations, ending with a downward breakout almost 3 out of 4 times. That would threaten primary support at 640 and a decline to 600*. Bearish divergence on 21-day Twiggs Money Flow\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":1650,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/canada-tsx-60-3\/","url_meta":{"origin":4575,"position":5},"title":"Canada TSX 60","author":"ColinTwiggs","date":"October 31, 2011","format":false,"excerpt":"Canada's TSX 60 index is headed for a test of resistance at 720\/730 on the weekly chart. Expect a retracement. Respect of the trendline would warn of another test of primary support. Breakout above the descending trendline would signal that the primary down-trend has weakened and a bottom is forming.\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4575","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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4575"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4575\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}