Saturday, December 10, 2016
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,862 Blog Posts

She’s a BRIC House of a Market

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As a follow-up to this post that I wrote last month, here is my take on the four major emerging market economies, otherwise known as the BRIC’s (Brazil, India, Russia, China). They are often a good gauge of global risk appetite, or lack thereof. Currently, all four BRIC’s continue to come to terms with major, multi-year reference points. It would behoove the bulls to not get cocky about holding these levels, as a break below would likely lead to fast and furious selling, given the significance and price memory of these key price areas.

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2 comments

  1. Old Salt

    I see the Shanghai Market closed at 2,333 today. I guess that is only half as bad as finishing with the numbers 666.

  2. Dave

    Keep up the great work Chess..

    and POST MORE HOT CHICS!!!

    TY