thursday trading, page-5

Something worthwhile looking at everyone - Brazil. Hit a record high overnight. In my post yesterday I mentioned that I was a wee bit disappointed that it hadn't already occurred but then what is one day between freinds. Also worth looking at the pattern on Canada. I do these charts by hand (means they are very important to me and I am an old fashioned girl) so can't feature them but this link will show you what Brazil looks like but the chart hasn't been updated for overnight trading. The old highs will now become good support on any correction.

http://finance.yahoo.com/q/bc?s=%5EBVSP&t=2y&l=on&z=m&q=l&c=


The other important development on world markets in the last week or so was China forming a key reversal week. For those not familiar with this technical term is means that the index exceeded the low of the previous week and then closed above the high of the previous week. Don't see it very often but usually of considerable importance.