CALDEIRÃO DE BOLSA

Continua a postar isto s.f.f.

Cumprimentos

For Thursday, additional downside is favored if the index moves below 1435 but watch for support near 1400 or higher for a reversal back up. A move below 1400 could lead the index back to support near 1328. Resistance above is near 1445 and then 1470. Downside is expected early in the day with a possible rally later in the afternoon.

A major top appears to be developing and it is possible that the corrective pattern in process since last July is coming to an end with a terminal pattern developing in the short term charts and the failure to reach the 1520 high creating another lower high. Any move below the 1328 point confirms the action and suggests a new major bear trend may be at hand.

Potential range for 2003: High 1520, low 900. Targets will be revised as conditions evolve