{"id":6790,"date":"2013-02-25T01:19:53","date_gmt":"2013-02-25T06:19:53","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6790"},"modified":"2013-02-25T01:19:53","modified_gmt":"2013-02-25T06:19:53","slug":"europe-italian-stalemate","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/","title":{"rendered":"Europe: Italian stalemate"},"content":{"rendered":"<p><a title=\"Reuters: Italian 2013 Elections\" href=\"http:\/\/www.reuters.com\/article\/2013\/02\/24\/us-italy-vote-idUSBRE91M0EB20130224\" target=\"_blank\">Reuters<\/a> reports that support for Mario Monti&#8217;s centrist coalition is fading.<\/p>\n<blockquote style=\"background-color:#ddddff;\"><p>Opinion polls give the centre-left coalition led by the veteran former industry minister Pier Luigi Bersani a narrow lead but the race has been thrown open by the prospect of a huge protest vote against austerity policies imposed by Monti and rage at a wave of corporate and political scandals.<\/p><\/blockquote>\n<p>Without a strong government, resolution of Italy&#8217;s current crisis is unlikely. The Italian MIB Index retreated below new support at 17000 and last week penetrated the rising trendline, warning of a primary reversal. Breach of support at 16000 would strengthen the signal &#8212; as would reversal of 63-day Twiggs Momentum below zero. Confirmation, however would only come from a lower peak followed by failure of primary support at 15000.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"FTSE MIB Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-02-25-spm.png?w=525&#038;ssl=1\" \/><\/p>\n<p>The FTSE 100 continues its advance toward long-term resistance at 6750. Failed down-swings within the recent reverse pennant (broadening wedge) suggest continuation of the advance. Upward breakout would offer a target of 6750, strengthened if 21-day Twiggs Money Flow recovers above 20% to form another trough above zero.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"FTSE 100 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-02-25-ftse.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 6000 + ( 6000 &#8211; 5250 ) = 6750<\/span><\/p>\n<p>Germany&#8217;s DAX continues to test support at 7500. Bearish divergence on 13-week Twiggs Money Flow warns of selling pressure. Failure of 7500 would indicate a correction to test the rising trendline &#8212; and support at 7000.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"DAX Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-02-25-dax.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;\"><span style=\"color:#999999;\">* Target calculation: 7500 + ( 7500 &#8211; 7000 ) = 8000<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reuters reports that support for Mario Monti&#8217;s centrist coalition is fading. Opinion polls give the centre-left coalition led by the veteran former industry minister Pier Luigi Bersani a narrow lead but the race has been thrown open by the prospect of a huge protest vote against austerity policies imposed by Monti and rage at a &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Europe: Italian stalemate&#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":[949,1483,1484],"class_list":["post-6790","post","type-post","status-publish","format-standard","hentry","category-stock-markets","category-uk-europe-countries-regions","tag-dax-index","tag-ftse-100-index","tag-ftse-mib-index"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Europe: Italian stalemate - 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=\"Europe: Italian stalemate - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Reuters reports that support for Mario Monti&#8217;s centrist coalition is fading. Opinion polls give the centre-left coalition led by the veteran former industry minister Pier Luigi Bersani a narrow lead but the race has been thrown open by the prospect of a huge protest vote against austerity policies imposed by Monti and rage at a &hellip; Continue reading &quot;Europe: Italian stalemate&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\" \/>\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=\"2013-02-25T06:19:53+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-02-25-spm.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\/2013\/02\/25\/europe-italian-stalemate\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"Europe: Italian stalemate\",\"datePublished\":\"2013-02-25T06:19:53+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\"},\"wordCount\":213,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-02-25-spm.png\",\"keywords\":[\"DAX Index\",\"FTSE 100 Index\",\"FTSE MIB Index\"],\"articleSection\":[\"Stock Markets\",\"UK &amp; Europe\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\",\"name\":\"Europe: Italian stalemate - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-02-25-spm.png\",\"datePublished\":\"2013-02-25T06:19:53+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-02-25-spm.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-02-25-spm.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Europe: Italian stalemate\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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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-1Lw","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":6877,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/05\/europe-dax-selling-pressure-continues\/","url_meta":{"origin":6790,"position":0},"title":"Europe: DAX selling pressure continues","author":"Colin Twiggs","date":"March 5, 2013","format":false,"excerpt":"Germany's DAX is consolidating between 7500 and 7900. Bearish divergence on 13-week Twiggs Money Flow still warns of selling pressure. Failure of 7500 would indicate a correction to test the rising trendline -- around support at 7000. * Target calculation: 7500 + ( 7500 - 7000 ) = 8000 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":2414,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/28\/europe-weakens\/","url_meta":{"origin":6790,"position":1},"title":"Europe weakens","author":"ColinTwiggs","date":"November 28, 2011","format":false,"excerpt":"A monthly chart of Dow Jones Europe shows the index testing primary support at 210. A peak below zero on 63-day Twiggs Momentum indicates a strong primary down-trend. Failure of support would offer a medium-term target of 160*. * Target calculation: 210 - ( 260 - 210 ) = 160\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":8504,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/09\/30\/european-markets-retrace-but-ftse-bearish\/","url_meta":{"origin":6790,"position":2},"title":"European markets retrace, but FTSE bearish","author":"ColinTwiggs","date":"September 30, 2013","format":false,"excerpt":"European markets are consolidating after recent gains with the exception of Italy, which is suffering from political instability, while the FTSE 100 displays persistent selling pressure. The FTSE 100 is heading for a test of primary support at 6400, having broken medium-term support at 6500. Declining 21-day Twiggs Money Flow\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":"FTSE 100","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-01-ftse.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-01-ftse.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-10-01-ftse.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":1802,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/07\/europe-stumbles-onwards\/","url_meta":{"origin":6790,"position":3},"title":"Europe stumbles onwards","author":"ColinTwiggs","date":"November 7, 2011","format":false,"excerpt":"Markets have been fed a steady diet of press releases out of Europe for the past few weeks but very little substance. This is a dangerous strategy as hopes are raised and reaction to any form of disappointment will be strong. No matter how it is dressed up, we are\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":2241,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/20\/europe-breach-of-medium-term-support-would-signal-decline\/","url_meta":{"origin":6790,"position":4},"title":"Europe: breach of medium-term support would signal decline","author":"ColinTwiggs","date":"November 20, 2011","format":false,"excerpt":"Italy's MIB index is testing medium-term support at 15000 on the weekly chart. Failure \u2014 and respect of the descending trendline \u2014 would warn of another decline, with a target of 9000*. Breach of primary support at 13000 would confirm. * Target calculation: 13 \u2212 ( 17 \u2212 13 )\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":3297,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/01\/16\/3297\/","url_meta":{"origin":6790,"position":5},"title":"European markets","author":"ColinTwiggs","date":"January 16, 2012","format":false,"excerpt":"The FTSE 100 is testing resistance at 5750 but bearish divergence on 13-week Twiggs Money Flow warns of selling pressure. Respect of resistance would suggest another test of primary support at 5050. Upward breakout is less likely, but would\u00a0indicate an advance to 6300*. * Target calculation: 5700 + ( 5700\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\/6790","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=6790"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6790\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}