Bovespa is in wave 5 up and should exhaust around 57000 within the next 2-4 weeks before a severe correction should drag the market down to 42-44000 at least. we will see in Q1 2010 how the downmoves are developing and make an update accordingly. Get the hell out around 57000 and build up shorts.
Friday, July 31, 2009
Brasil stocks - Red alert
Bovespa is in wave 5 up and should exhaust around 57000 within the next 2-4 weeks before a severe correction should drag the market down to 42-44000 at least. we will see in Q1 2010 how the downmoves are developing and make an update accordingly. Get the hell out around 57000 and build up shorts.
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