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Saturday, January 31, 2009

Brazil New High - New Low Update 31 jan 2009 - by Vladimir D


Many thanks to Vladimir D from Brazil for updating these charts. Notice a slight bearish divergence on the weekly and a break to a new low on the daily chart of NH-NL for Bovespa. These call for lower prices ahead - AE

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1 comment:

  1. GrantJanuary 31, 2009 at 10:59 AM

    Thanks Valdimir and Alex. After reviewing this chart and reading Alex's comments, I went right back and reviewed my chart of EEV--the inverse emerging market ETFs. It seems to perfectly track the opposite price action of Brazil and the emerging markets.

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