RE: T/A onTDThese banks are bearish due to their uptrends ( since 2000ish) being broken.
"A number of indicators are analyzed (EMA,MACD,RSI,etc.) to provide a normalized ranking for the indicators (+/- 1 where +1 is very bullish and -1 is very bearish." ( 0.50 should be a -0.50 )
The banks will rally with the market, but are still in a down trend. If TD can close above $47, hold it to $52 then sell IMO. I posted a while back that TD ($57ish then I think)would get to $35 by Feb, 2009 with some laughs. $38 was pretty close so far. (9300 TSX will show resistance, but close above than could take it to mid 10000.)
The economy is in horrible shape, yet everyone blames the shorters.LOL