Hamilton's E-Wave Analysis

TSX

TSX oct 29 2012

It has been raining continuously but apparently, with New York closed, our TSX is anything but liquid. In the last 5-10 minutes of trading the entire day’s progress was retraced. Some blame MOC (Market on Close) orders but that seems a little too one sided. Perhaps, we too, have a plunge protection team. Whatever but one thing is clear this market can be manipulated.