Replies to post #48058 on Short Term Trading Member Forum

[SilentOne]

Hi D,

There is an 10 week low due shortly but with a failed 40 week low (likely occurred early August), this current move is expanding its scope. I can't tell timing wise where we might see a bounce, but I am hesitant to make many bets in October.

The TSX looks really worrisome as they are selling the oil sector relentlessly. It looks and feels like a major top for energy as the move down is similar to what happened in 2008.

cheers,

john