Wednesday, November 23, 2011

Germany being dragged down

How this country ever got itself tangled up with this lot is beyond me.  This chart from NFTRH159 was originally produced to review the bottoming pattern in DAX and target potential recovery levels.  Since then, the DAX has failed beneath the first resistance level and broken supports like balsa wood, turning them into new resistance in the process. 

Very sad state of affairs over there in Europe.  What is the ratio of productive countries to passenger countries in the union anyway?  This chart now projects a test of the September low.











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1 comments:

  1. The rolling 12 month on SP500, Russell, and Midcaps just went negative. The last time that happened was 2008.

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