THE DOT - if this turns orange or red be alert

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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I am a professional independent trader