Special Interest: BRICSA
big analysis tool change coming next week
Brazil
Analysis -"when the blood is running in the streets it is time to buy" - Sir John Templeton
the aftermath of the Olympics, possible piercing patten
Conclusion - trend line has not been broken but an entry point is open
Action - Buy/accumulate trailing stop (not for the meek)
Russia
Analysis- L1 Grid Solitude (oversold) dead cat bounce will be followed by test for lows
Conclusion-testing trading range parameters
Action-Sell trailing stop
India
500 point box
Analysis- L1 Grid Frenzy (overbought), completed elliot 5 wave pattern and point and figure bearish reversal pattern
Conclusion: mixed signals do not provide clear direction
Action Hold no action
China
Analysis trend line break consolidation pattern , cup and handle pattern
Conclusion reversal from support would be positive
Action: sell trailing stop
South Africa
$ZADOW
Analysis L1 Grid normal (transition)
Conclusion lack of follow through indicates weakness
Action: sell trailing stop
Gold Ratios
$Gold / $INDU 16.15
$Gold / $SPX 1.92
$Wtic / $Gold 48.77
$Gold / $INDU 16.15
$Gold / $SPX 1.92
$Wtic / $Gold 48.77
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