{"id":4170,"date":"2012-04-23T01:47:18","date_gmt":"2012-04-23T05:47:18","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4170"},"modified":"2024-04-18T05:49:06","modified_gmt":"2024-04-18T05:49:06","slug":"uk-europe-madrid-tests-major-support-level","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/23\/uk-europe-madrid-tests-major-support-level\/","title":{"rendered":"UK &#038; Europe: Madrid tests major support level"},"content":{"rendered":"<p>The monthly chart of the Madrid General Index shows the index testing support at its 2009 low of 700. 13-Week Twiggs Money Flow crossing below zero warns of selling pressure. Failure of support would signal a decline to 600*.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-04-23-sms.png?w=525&#038;ssl=1\" alt=\"Madrid General Index\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 750 &#8211; ( 900 &#8211; 750 ) = 600<\/span><\/p>\n<p>France&#8217;s CAC-40 found support at 3150 after a sharp correction on the weekly chart. Declining 13-week Twiggs Money Flow &#8212; and last week&#8217;s <a title=\"Gravestone Candlestick\" href=\"https:\/\/www.incrediblecharts.com\/candlestick_patterns\/candlestick-patterns.php#candlestick_hammer\" target=\"_blank\" rel=\"noopener\">gravestone candlestick<\/a> &#8212; warn of selling pressure. Failure of support is likely and would suggest another test of primary support at 2800.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-04-23-cac.png?w=525&#038;ssl=1\" alt=\"France CAC-40 Index\" \/><\/p>\n<p>Germany&#8217;s DAX is also undergoing a correction but found stronger support at 6500. 13-Week Twiggs Money Flow continues to indicate long-term buying pressure. Respect of support, indicated by follow-through above 6800 would signal a primary advance to 7900*. Failure of support at 6500 is unlikely and would warn that the primary up-trend is weakening.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-04-23-dax.png?w=525&#038;ssl=1\" alt=\"DAX Index\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 7200 + ( 7200 &#8211; 6500 ) = 7900<\/span><\/p>\n<p>The FTSE 100 remains in a <a title=\"Descending Broadening Wedge\" href=\"https:\/\/thepatternsite.com\/dbw.html\" target=\"_blank\" rel=\"noopener\">descending broadening wedge<\/a> pattern. Upward breakout would indicate an advance to the earlier peak of 6000. Recovery of 21-day Twiggs Money Flow above zero would strengthen the signal, while respect of the zero line (from below) would warn of continued selling pressure. Reversal below 5720 would indicate another test of primary support at 5600.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-04-23-ftse.png?w=525&#038;ssl=1\" alt=\"FTSE 100 Index\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The monthly chart of the Madrid General Index shows the index testing support at its 2009 low of 700. 13-Week Twiggs Money Flow crossing below zero warns of selling pressure. Failure of support would signal a decline to 600*. * Target calculation: 750 &#8211; ( 900 &#8211; 750 ) = 600 France&#8217;s CAC-40 found support &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/23\/uk-europe-madrid-tests-major-support-level\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UK &#038; Europe: Madrid tests major support level&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57,33],"tags":[547,949,1483,2193],"class_list":["post-4170","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-uk-europe-countries-regions","tag-cac-40-index","tag-dax-index","tag-ftse-100-index","tag-madrid-general-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK &amp; Europe: Madrid tests major support level - the patient investor<\/title>\n<meta name=\"description\" content=\"The monthly chart of the Madrid General Index shows the index testing support at its 2009 low of 700. 13-Week Twiggs Money Flow crossing below zero warns of selling pressure. 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A 63-day Twiggs Momentum peak below the zero line warns of a strong down-trend. Failure of 700 would signal a decline\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4240,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/30\/uk-europe-madrid-at-2009-low\/","url_meta":{"origin":4170,"position":1},"title":"UK &#038; Europe: Madrid at 2009 low","author":"Colin Twiggs","date":"April 30, 2012","format":false,"excerpt":"The monthly chart of the Madrid General Index is testing its 2009 low of 700. With unemployment rates (24.4 per cent) similar to the US Great Depression and more than half of Spaniards under 25 jobless, there is no recovery in sight. 63-Day Twiggs Momentum oscillating below zero indicates a\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4411,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/22\/uk-europe-closer-to-the-breach\/","url_meta":{"origin":4170,"position":2},"title":"UK &#038; Europe: Closer to the breach","author":"Colin Twiggs","date":"May 22, 2012","format":false,"excerpt":"Europe inches closer to the point when the artificial levee, built to protect European banks from market forces, is breached. Germany and France delay the inevitable while they attempt to restore bank balance sheets -- by widening interest margins at the expense of depositors and transferring risky bonds to the\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7982,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/01\/europe-broad-selling-pressure-2\/","url_meta":{"origin":4170,"position":3},"title":"Europe rallies despite broad selling pressure","author":"ColinTwiggs","date":"July 1, 2013","format":false,"excerpt":"The FTSE 100 respected its rising trendline and long-term support at 6000, indicating another test of 6750. Bearish divergence on 13-week Twiggs Money Flow, however, continues to warn of selling pressure. Retreat below 6000 would signal a primary reversal. Germany's DAX also signals strong selling pressure, but recovery above 8000\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4292,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/08\/uk-europe-france-rejects-austerity\/","url_meta":{"origin":4170,"position":4},"title":"UK &#038; Europe: France rejects austerity","author":"Colin Twiggs","date":"May 8, 2012","format":false,"excerpt":"Election of French Socialist Francois Hollande may lead to a similar rejection of austerity measures by Spain and Italy, creating a clear fault-line between the uncompromising German-led North and a more socialist French-led South. That could eventually lead to fracture of the euro-zone unless the two camps discover a new\u2026","rel":"","context":"In &quot;Stock Markets&quot;","block_context":{"text":"Stock Markets","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/stock-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7914,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/06\/16\/europe-broad-selling-pressure\/","url_meta":{"origin":4170,"position":5},"title":"Europe: Broad selling pressure","author":"ColinTwiggs","date":"June 16, 2013","format":false,"excerpt":"The FTSE 100 encountered selling pressure at 6750, indicated by bearish divergence on 13-week Twiggs Money Flow, and is correcting towards the rising trendline and support at 6000 on the monthly chart. Respect would signal a healthy primary up-trend. Germany's DAX is experiencing strong selling pressure. Medium-term support at 8000\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4170","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=4170"}],"version-history":[{"count":2,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4170\/revisions"}],"predecessor-version":[{"id":51396,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4170\/revisions\/51396"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}