Friday, August 17, 2012

BOVESPA puts on some 'samba'......

Brazil's BOVESPA Daily Close @ 08/16/2012

Close but no 'negation' yet of the Outside Down Day witnessed 2 days  ago.
Above the 200day SMA @ 59577 lies the 50% retrace & previous lows circa 61,000.
How 'high' is 'high' before some consolidation of the rally occurs?