Intraday Market Thoughts

Archived IMT (2009.10.23)

by Ashraf Laidi
Oct 23, 2009 13:05

While all eyes on the S&P500 nearing the 100-week MA and its 50% retracement, FX traders must WATCH the REAL USERS OF USD-denominated RISK CASH i.e. the emerging market indices of Brazil and India. The latest Hot-Chart shows WEEKLY BEARISH formations in Brazils Bovespa & Indias Sensex.


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