I've been asked to look at Brazilian equities and will do so over the weekend, but thought some of you may find this interesting to tide you over till then. I had been working on this since it has been in the news. The Brazilian Real has been bouncing today off of support today. I don't know if the bounce will end up being a wave (ii) or (iv) as I can argue for either but certainly think it isn't something to short until up against 0.2775.
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