{"id":4748,"date":"2012-07-03T01:48:41","date_gmt":"2012-07-03T05:48:41","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4748"},"modified":"2012-07-03T01:48:41","modified_gmt":"2012-07-03T05:48:41","slug":"uk-and-europe-tentative-recovery","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/","title":{"rendered":"UK and Europe: Tentative recovery"},"content":{"rendered":"<p>The FTSE 100 index broke resistance (and the descending trendline) at 5600\/5620, suggesting the correction has ended. Oscillation of 63-day Twiggs Momentum around zero is narrowing, indicating hesitancy. Follow-through above 5650 would strengthen the breakout signal &#8212; as would recovery of 63-day Twiggs Momentum above zero &#8212; targeting 6000*. Reversal below 5600, however, would warn of a false signal.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-02-ftse.png?w=525&#038;ssl=1\" alt=\"FTSE 100 Index\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 5600 + ( 5600 &#8211; 5200 ) = 6000<\/span><\/p>\n<p>Germany&#8217;s DAX is testing resistance at 6500; breakout would test the 2012 high of 7200. Rising 13-week Twiggs Money Flow (not shown) indicates buying pressure. Recovery of 63-day Twiggs Momentum above zero would strengthen the signal.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-02-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: 6500 + ( 6500 &#8211; 6000 ) = 7000<\/span><\/p>\n<p>The Madrid General Index is headed for a test of medium-term resistance at 750\/760. Bullish divergence on 13-week Twiggs Money Flow indicates buying pressure. Penetration of resistance &#8212; and the long-term descending trendline &#8212; would indicate a bottom is forming.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-02-smsi.png?w=525&#038;ssl=1\" alt=\"Madrid General Index\" \/><\/p>\n<p>Italy&#8217;s MIB Index shows a similar bullish divergence on 13-week Twiggs Money Flow (not shown) &#8212; and on 63-day Twiggs Momentum. Recovery above 15000 would signal another test of long-term resistance at 17000.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2012\/2012-07-02-spm.png?w=525&#038;ssl=1\" alt=\"MIB Index\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 15000 + ( 15000 &#8211; 13000 ) = 17000<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The FTSE 100 index broke resistance (and the descending trendline) at 5600\/5620, suggesting the correction has ended. Oscillation of 63-day Twiggs Momentum around zero is narrowing, indicating hesitancy. Follow-through above 5650 would strengthen the breakout signal &#8212; as would recovery of 63-day Twiggs Momentum above zero &#8212; targeting 6000*. Reversal below 5600, however, would warn &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;UK and Europe: Tentative recovery&#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":[949,1483,2193,2290],"class_list":["post-4748","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-uk-europe-countries-regions","tag-dax-index","tag-ftse-100-index","tag-madrid-general-index","tag-mib-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>UK and Europe: Tentative recovery - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UK and Europe: Tentative recovery - the patient investor\" \/>\n<meta property=\"og:description\" content=\"The FTSE 100 index broke resistance (and the descending trendline) at 5600\/5620, suggesting the correction has ended. Oscillation of 63-day Twiggs Momentum around zero is narrowing, indicating hesitancy. Follow-through above 5650 would strengthen the breakout signal &#8212; as would recovery of 63-day Twiggs Momentum above zero &#8212; targeting 6000*. Reversal below 5600, however, would warn &hellip; Continue reading &quot;UK and Europe: Tentative recovery&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2012-07-03T05:48:41+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2012\/2012-07-02-ftse.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"UK and Europe: Tentative recovery\",\"datePublished\":\"2012-07-03T05:48:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\"},\"wordCount\":171,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-07-02-ftse.png\",\"keywords\":[\"DAX Index\",\"FTSE 100 Index\",\"Madrid General Index\",\"MIB Index\"],\"articleSection\":[\"Stock Markets\",\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\",\"name\":\"UK and Europe: Tentative recovery - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-07-02-ftse.png\",\"datePublished\":\"2012-07-03T05:48:41+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-07-02-ftse.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2012\/2012-07-02-ftse.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/03\/uk-and-europe-tentative-recovery\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"UK and Europe: Tentative recovery\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"UK and Europe: Tentative recovery - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"UK and Europe: Tentative recovery - the patient investor","og_description":"The FTSE 100 index broke resistance (and the descending trendline) at 5600\/5620, suggesting the correction has ended. Oscillation of 63-day Twiggs Momentum around zero is narrowing, indicating hesitancy. Follow-through above 5650 would strengthen the breakout signal &#8212; as would recovery of 63-day Twiggs Momentum above zero &#8212; targeting 6000*. 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He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1eA","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":4240,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/04\/30\/uk-europe-madrid-at-2009-low\/","url_meta":{"origin":4748,"position":0},"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":6275,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/26\/europe-dax-heads-for-7500\/","url_meta":{"origin":4748,"position":1},"title":"Europe: DAX heads for 7500","author":"Colin Twiggs","date":"November 26, 2012","format":false,"excerpt":"Germany's Dax rallied off support at 7000 and is headed for a test of resistance at 7500. Breakout would signal an advance to 8000*. Oscillation of 13-week Twiggs Money Flow above zero indicates buying pressure. Reversal below 7000 is unlikely but would warn that a top is forming. * Target\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":5112,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/08\/07\/europe-and-footsie-recovering\/","url_meta":{"origin":4748,"position":2},"title":"Europe and Footsie recovering","author":"Colin Twiggs","date":"August 7, 2012","format":false,"excerpt":"Madrid General Index is testing resistance at 720. Breakout would complete a double bottom, offering a target of 840*.\u00a0 Bullish divergence on 63-day Twiggs Momentum indicates a resurgence, but we are some way off a recovery above zero which would signal a primary up-trend. Dow Jones Europe Index displays 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":1647,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/31\/europe-rebounds\/","url_meta":{"origin":4748,"position":3},"title":"Europe rebounds","author":"ColinTwiggs","date":"October 31, 2011","format":false,"excerpt":"The FTSE 100 index is headed for a test of its 2011 high at 6000\/6100. Rising 13-week Twiggs Money Flow signals strong buying pressure. Expect retracement to test support at 5400. Respect would confirm a primary up-trend; failure would re-test support at 4800. * Target calculation: 5400 + ( 5400\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":4599,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/12\/uk-europe-3\/","url_meta":{"origin":4748,"position":4},"title":"UK &#038; Europe","author":"Colin Twiggs","date":"June 12, 2012","format":false,"excerpt":"Dow Jones Europe Index is testing long-term support at 210. Failure would signal a decline to the 2009 low of 150*. Declining 63-day Twiggs Momentum (below zero) already warns of a primary down-trend, while 13-week Twiggs Money Flow indicates strong selling pressure. * Target calculation: 210 - ( 270 -\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":5422,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/11\/europe-strengthening\/","url_meta":{"origin":4748,"position":5},"title":"Europe strengthening","author":"Colin Twiggs","date":"September 11, 2012","format":false,"excerpt":"The FTSE 100 found support at 5600 and is headed for a test of primary resistance at 6000\/6100. Rising 13-week\u00a0 Twiggs Money Flow indicates buying pressure. Expect strong selling at resistance but breakout would offer a long-term target of 6750*. * Target calculation: 6000 + ( 6000 - 5250 )\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":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4748","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=4748"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/4748\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=4748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=4748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=4748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}