Agoracom Blog

$TSXV rally underway… right on schedule

Posted by AGORACOM at 4:35 PM on Wednesday, August 22nd, 2012

After the breakout  in precious metals this week,  everyone and their grandmother has come out and said that the $TSXV is going for a ride, I would like to do a little selfless promotion and say I told you so in this post on August 15th.

Now that we have some confirmation and a little more confidence in this turn around, I think we could be looking for the 1400 mark or a ~17% gain from today’s close at 1245.82, as the first target. This may take the next 3-5 months to play out but I am confident it will.

I am also certain that some names will do better than others and I have my own picks that I will most certinly share with everyone in the coming days as well as a cardinal rule to this volatile market.

….. Everyone loves a picture… note MACD crossing zero line and ADX turning up: Bullish!

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