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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (44240)12/22/2008 2:44:27 PM
From: Elroy Jetson  Read Replies (2) | Respond to of 219888
 
The one-time EWZ support level of $37 for Brazilian stocks is now acting as a resistance level, which is not a good sign.

Message 23800343

As previously noted in August 2007, and subsequent updates, failure to take out this level indicates a further decline to $15 per share.

This is only another 50% decline for the Bovespa, so it's almost too late to short.
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