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Nexvu on Economics, Politics and the Markets

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Cyclical Rotation Continues…

Posted by nexvucapital on May 9, 2013

Normally, we prefer to highlight the long-term picture but today we bring your attention to the Daily Chart for the TSX Metals and Mining Index. In the last two days the Index has broken the downtrend line and the Elliott Wave pattern confirms a 5 Wave corrective formation put in a bottom during the mid-April capitulation event. Money flows are at 2013 highs which would make sense if the markets are truly rotating towards growth…

TSX Metals - May 9 2013

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