Direxion Daily MSCI Brazil Bull 2X Shares (BRZU)

[THREE-DAY-TRADER]

I had right idea on this BRZU buy (trade) earlier this week....

Wednesday, 10/01/14
"I see potential the next 2 days for a drop yet leading up to the election this weekend, and if it does, it is almost certainly a Buy if it gets any lower after today's 14.92 low. I think keeping in mind the all-time low (& 1 yr low) of 12 area--- that should likely serve as support so we likely are not far away. And even if it drops below 12 support I think it should be bought there as part of a scale-in protocol contingency.
Overall in any event, any buy near 15 or less should prove profitable eventually. I think a very quick short term bounce could easily recoil toward 18-19, and maybe in weeks to come during the 4th qtr it can easily move back toward 25+, maybe 30+."