Was this all just a big boiler room operation by the boyz in Vancouver? The tout in the TSX-V got pretty loud for a while there. Casino patrons seem to be re-thinking their speculative urges. CDNX dropped so hard that it ripped through the bottom Bollinger Band.
The first support is 980.
This index needs to find support soon if Santa is going to come and bring any gifts for those who speculate in this dung heap.
I don’t care about tax loss selling or great stories. For every gem in this index there have got to be 50 pieces of garbage. Stick with quality; that’d be my position. Come to think of it that has been my position for a long time now. With quality getting dumped now too, why even think about this area?
There is a set up for a buying opportunity in play as long as certain parameters remain good. Buy quality when the time comes. Really.