Canada

The recent correction on the Toronto stock exchange 300 index, between Nov and Jan, is very similar to that seen between Sept-Oct last year. A flag pattern or a simple ABC down. The lack of alternation and that 3<1 can mean that both are second waves and we have a long way to go. So while we can mark this as 3 and 4 [similar to the US], if marked as 1 and 2 twice it means that the long term remains very bullish here.