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*.
* 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.
* 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.
* Target calculation: 300 – ( 340 – 300 ) = 260
Love the old format not so hot on the new one.
Just like looking at the world picture.
Thanks for all your work
Mark
What would happen to the short term bonds in a bond market revolt?
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