For those who care about the brazilian market, the analyst of the firm I work for just stood up on the trading desk and oficially announced the reversal day today. Im puting on the records here to give the fellow members a chance to follow this prediction over the next days and weeks. I going to post a daily chart when I get the chance, very busy right now.
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Ibovespa ($BVSP) just bottomed
- Thread starter aradiel
- Start date
It didnt bottom, its far from a bottom...
IBOVESPA SAO PAULO
(Sao Paolo: ^BVSP)
Index Value: 60,891.42
Trade Time: 11:23AM ET
Change: Down 214.80 (0.35%)
Prev Close: 61,106.22
Open: 63,467.22
Day's Range: 60177.18 - 61600.61
52wk Range: 44,938.00 - 73,920.00
down about 18.5% from its highs but still up 500% from just 5 years ago.
This market has plenty of room to fall, I think falling below 50,000 is certainly a possibility over the next 2 months.
IBOVESPA SAO PAULO
(Sao Paolo: ^BVSP)
Index Value: 60,891.42
Trade Time: 11:23AM ET
Change: Down 214.80 (0.35%)
Prev Close: 61,106.22
Open: 63,467.22
Day's Range: 60177.18 - 61600.61
52wk Range: 44,938.00 - 73,920.00
down about 18.5% from its highs but still up 500% from just 5 years ago.
This market has plenty of room to fall, I think falling below 50,000 is certainly a possibility over the next 2 months.
ok obviously not a reversal day, but I am confident we are very close to the bottom and 2 or 3 days from the beggining of a quick 10% surge. Lets see, his tools predicted very precisely all the weekly bottoms of Bovespa for the last 4 years. And you guys are being too harsh on someone you don't even know, I didn't know this board was so much against technical analysis.