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Re: Parker512 post# 11

Tuesday, 07/05/2011 1:29:41 PM

Tuesday, July 05, 2011 1:29:41 PM

Post# of 852
Parker--GOL did have record traffic in May, maybe they will announce record une traffic? I don't know. The USA oil rigs moving down there will help the whole country's economy. 7 of the 10 largest oil finds in the last ten years were in or off Brazil, including the 4 biggest. Scroll down on the article below.

http://features.blogs.fortune.cnn.com/2011/03/08/petrobras-the-next-oil-colossus/?section=magazines_fortune
Technically, connect the tops of the May rally and June rally and the line dropped down to Friday's close. It broke that declining resistance line today. And, keep in mind the real stock in Brazil, not the ADR, traded yesterday in Brazil. It may have had a good day yeterday down there.
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