Brazil -- great short opportunity coming soon

Short

iShares Inc iShares MSCI Brazil ETF (AMEX:EWZ)

Updated

AMEX:EWZ iShares Inc iShares MSCI Brazil ETF

Trend Analysis Chart Patterns

trendanalysis chartpattern

I think come October, we will have another B wave top in brazil which can be shorted - as per my cycle analysis

Comment:

Its october, and we seems to have got one high -- taking small shorts here, will add into strength if we get further pushes up in October

Comment:

Added to shorts here

snapshot

Comment:

Still looks on course for lower in the immediate future

Comment:

I am still extremely bearish on EWZ: I think we are here in history

snapshot

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