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Top technical analyst sees TSX climbing to 17,000

One of Canada’s leading technical analysts is looking at the U.S. and Canadian charts and is becoming even more enthusiastic about what he sees.

Ron Meisels, president of Phases & Cycles Inc. and a more than 40-year veteran in the technical analysis business, believes strongly in 105-day calendar cycles when it comes to markets. One of those cycles ended, he suggests, when the S&P 500 reached its lows this autumn of around 1,655 in mid-October.