After a big opening gap without any apparent news to justify it we should be looking to go short when the reversal starts. But there seems to be lots of bullish enthusiasm with the new year and people are perhaps increasing their exposure to the market. So it may be necessary to wait a bit longer, maybe a couple of days, before the gap is closed. Maybe there'll be a Friday afternoon retrenchment.
Not saying that 2730 won't be reached today. Just saying that it will probably retrace to 2710-ish sometime this week, but definitely not today. I'm still long at the moment. Just my opinion.
Companhia Vale DO Rio Doce stock quotes
Companhia Vale DO Rio Doce stock charts
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