Thursday, September 1, 2011

Europe: Where Things Stand

DAX: Germany
  • approx. 50% retracement
  • RSI oversold--first time since 2009 bottom
  • held November 2, 2009 low pivot.
  • 50 week Mvg. Ave. declining


FTSE: Great Britain
  • bottomed at key pivot: July 2010 low
  • most oversold since 2009
  • 50% retracement
  • 50 week mvg. ave. recently turned down


CAC: France
  • RSI oversold--first time since 2009
  • largest % retracement of GB, GER and FR.
  • broke below key pivot points - but held July 2009 low.
  • 50 week mvg. ave. declining




and then there is China....

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