Sector MOM Summation

We identify the intermediate stock cycle using Sector MOM Summation - weekly data

Sector Jan 25, 08
MOM Rank
iShares CDN Gold XGD 13.00
iShares CDN Materials XMA 4.95
TSX Utilities -4.21
iShares CDN S&P/TSX60 XIU -5.20
iShares CDN Energy XEG -6.06
iShares CDN Income Trust XTR -6.77
TSX Health Care -7.81
iShares CDN Financial XFN -7.83
TSX Consumer Staples -7.86
iShares CDN Technology XIT -8.08
TSX CDN Mid Cap -8.66
TSX Industrials -8.86
iShares CDN Small Cap XCS -10.48
TSX Telecommunications -11.62
TSX Consumer Discretionary -13.55
TSX Diversified Metals & Mining -17.41

Total Summation -106.45 ** Record low since Dec 2004

Observation - intermediate cycle rally through February 2008

Capitulation

Capitulation

By definition, capitulation means to surrender or give up. The technical annalist will use the term to isolate a point in time when investors have decided to give up on trying to recapture lost gains as a result of falling stock prices. On capitulation day, investors gripped by fear and panic will sell at any price.




Capitulation day occurs at the end of a corrective period and never at the beginning.

Toronto Financial Forum

Location:
Metro Toronto Convention Centre, North Building, Hall "C". Map and directions:

http://financialforum.ca/toronto/

We are at booth 813.

Our Mission
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Our mission this year is to sign up new members. There will be application forms at the booth. Filled out ones should be kept in the envelope provided. We accept cheques or they can write down their credit card number.

Talk to potential members about the benefits of joining, like:

* discounts on monthly meetings,
* newsletter,
* access to past presentations,
* library, and most importantly,
* to meet other like minded individual from the TA community

I encourage everyone to talk about their personal technical analysis work. just make sure to mention that you represent yourself and not the CSTA. day occurs at the end of a corrective period and never at the beginning.

broader market peaks of last summer an so I assume these two important stocks will bottom several weeks ahead of a broader recovery.

I will be a presenter at the 2008 Financial Forum & Wealth Management Expo on Saturday 4:pm January 26. The sponsor is the Canadian Society of Technical Analysts.

I will be on sheep and smart money watch and share my observations with you.