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Monday, October 03, 2011

Canada's TSX now in technical bear market territory...

Canada's Toronto Stock Exchange Index, TSX, is currently down 20.84% from its April closing high and is now in technical bear market territory (this was written before today's close at 2:29 p.m. EDT).

P.S. The TSX closed today at at a low for 2011. As shown on the Weekly chart below, it is approaching a major support level at 11000. The  next support level below that is at 9500.