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Nexvu on Economics, Politics and the Markets

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TSX Venture Exchange Breaking Out

Posted by nexvucapital on October 24, 2013

We hate to be the bearer of good news but the most hated index in the world is breaking to the upside off a reverse-head-and-shoulders bottom which formed during the spring and summer. Most of the participants in this market have now sworn off resource stocks forever…so it was a matter of time as complete apathy is the last psychological leg of a bear market.

Be prepped for a rally followed by a quick pull-back to shake the fakes…

TSXV

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