Monday, October 09, 2006

Chart: EWZ

I may short EWZ (Brazil iShares) if it breaks down below the 50 day MA at $38.99. Note the lower highs and volume on the decline versus the rise.

3 comments:

walter said...

bearish engulfing candle forming on UARM? we'll see where it closes...

Your EWZ chart is interesting: GOL, UBB, and BBD on my short radar (no currernt positions) and I believe they are all Brazilian companies; however, i have no idea if they are included in the EWZ...

The Market Speculator said...

UARM is right at resistance. I would wait for a "tell" before going short.

walter said...

hope you are still holding your DHI!