Monday, 20 December 2010

BRICs...only Russia is showing any strength

BRAZIL (EWZ 76) is looking weak. A 2 day close below 75 will indicate a move to 70

RUSSIA (RSX 37) is still Bullish. Any pull back to 35 would be a Buying opportunity for a move up to 47.

INDIA (INP 74) is looking weak. Only a close above 75 will change the direction. Target is 64.

CHINA ( FXI 42)  is looking weak. Only a close above 44 will change the direction. Target is 40.

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