Correction over ?

Almost. As this is written the S&P/TSX Composite is at 9444 and is only 44 points away from the bottom line of an uptrend channel.

As we pointed out earlier this month the TSX , since last August, had been trading in a clearly defined uptrend channel but in the first week of March, led by the oils, the TSX went well above the top line and quickly fell apart. 

Now we are close to the bottom (support) line. If you would like to see an up-to-date chart of the TSX with the trend lines drawn in just email us at fraserratings@yahoo.ca