BOVESPA finally 'tests' the 59K zone........

Brazil's BOVESPA: Close @ 08/08/2012

"BRAZIL’s BOVESPA ($BVSP) WEEKLY INDEX:  “... The Bad News: Rally back to 57/60K “FOR SALE”.” 06/01   “Whilst below 58000 the trend still remains lower.” 07/06   “Finally a sign of a low for the BOVESPA? The wide range weekly trade now highly suggestive of a.. serious test back to the rising Resistance Line @ 59K & rising. That is our bias.” 07/27   No Change; Higher S/T."

(Excerpt from THE WEEKLY issue August 3rd 2012.)