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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (1649)	4/14/1998 4:15:00 PM
From: EPS	Respond to of 22640

On the fly translation of the analysis of the chart ...everything leads to believe that there is still room to reach higher ground. It could revisit the R$138 before taking energy to climb higher. The more pessimistic take would be for it to revisit the R$ 131 (difficult) which could be a good support. Resistance will be tested at R$147 which we believe will be easily overcame leading to heights of around R$152. Thus we continue to be bullish, although one could not discount a possible bearish effect consequence of the forthcoming expiration of options (THATS US GUYS?). All in all we continue to be bullish.. Depois da recente realiza‡ao, tudo leva a crer que ainda tenha g s para novas alturas. Pode ainda cair novamente na dire‡ao dos R$138 agora para refazer energias e entao tentar novo esfor‡o altista. Em caso de maior pessimismo, pode ainda pode perder for‡as at‚ os n¡veis de R$131(dific¡l) a¡ valendo uma tomada de posi‡ao. Boa resistencia agora sendo testada novamente a R$147, que ainda acreditamos ser vencida em breve, levando entao os pre‡os de novo aos R$152. Continuamos numa prim ria de alta. No entanto nao descartamos ainda a possibilidade de baixa a frente j que o exerc¡cio de op‡oes permite sempre que tal suceda. O quadro de otimismo, apesar de tudo, ainda perdura...