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iShares MSCI Brazil Capped Message Board

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  • keybotthequant keybotthequant Apr 4, 2011 8:05 PM Flag

    EWZ Chart Rolling Over

    Congrats to those of you that caught the big EWZ spike up. India and Brazil show the same behavior--must be Chairman Bernanke's hot easy QE2 money that provided the catapult.

    EWZ is at the top rail of the long term rising wedge however, so a pull back would be expected. Price should continue along sideways to sideways down moving forward.

    EWZ chart google keystone speculator or view at stockcharts public charts list keystone speculator.

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    • I called it wrong when last week it looked like we were forming a wedge and would be heading back down, but weekly appears to showing a typical break out with tightening bollinger bands that broke and resistance at 79 that we smashed through. I'm sure the dollar played a big role in it, but as they say, You can't fight the fed. Korea also had a major break out last week as well.

 
EWZ
50.98+0.88(+1.76%)Aug 19 4:00 PMEDT

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