Europe crashes

Germany’s DAX Index is testing support at its 2010 low of 5400. 13-Week Twiggs Money Flow below zero warns of further selling pressure. Failure of support would offer a target of 4500*.

Germany DAX Index

* Target calculation: 5500 – ( 6500 – 5500 ) = 4500

France has fallen well past its 2010 low, testing support at 3000. 13-Week Twiggs Money Flow again warns of further selling pressure. Breach of 3000 would test the 2009 low of 2500.

France CAC-40 Index

* Target calculation: 3000 – ( 3700 – 3000 ) = 2300

Secondary markets are as badly affected. The Amsterdam AEX Index fell below its 2010 low, while 13-week Twiggs Money Flow below zero warns of selling pressure.

Netherlands Amsterdam AEX Index

* Target calculation: 300 – ( 340 – 300 ) = 260

3 thoughts on “Europe crashes

  1. Larry says:

    What would happen to the short term bonds in a bond market revolt?

    • Colin Twiggs says:

      The yield on two year Greek notes climbed to nearly 19% in 2010. Not saying that US Treasurys would go that high, but servicing costs would rise sharply, placing the budget under further pressure. Regards, Colin

  2. MH says:

    Love the old format not so hot on the new one.
    Just like looking at the world picture.

    Thanks for all your work
    Mark

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