{"id":7605,"date":"2013-04-29T02:44:14","date_gmt":"2013-04-29T06:44:14","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7605"},"modified":"2013-04-29T02:44:14","modified_gmt":"2013-04-29T06:44:14","slug":"europe-dax-faces-selling-pressure-while-uk-and-italy-rally","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/","title":{"rendered":"Europe: Dax faces selling pressure while UK and Italy rally"},"content":{"rendered":"<p>Germany&#8217;s DAX found support at 7500 and is again testing long-term resistance at 8000 (shown on the quarterly chart below). 13-Week Twiggs Momentum and Twiggs Money Flow both display bearish divergences, warning of selling pressure. Reversal below 7500 remains likely and would signal a correction to test the rising trendline.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"DAX Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-29-dax.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 7500 &#8211; ( 8000 &#8211; 7500 ) = 7000<\/p>\n<p>Italy&#8217;s MIB index found support at 15000. Follow-through above 17000 would indicate a primary advance and penetration of resistance at 18000 would confirm the primary up-trend signaled earlier by bullish divergence on 13-week Twiggs Momentum.<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\/2013-04-29-mib.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 18 + ( 18 &#8211; 15 ) = 21<\/p>\n<p>The FTSE 100 is testing resistance at 6500. Rising 13-week Twiggs Money Flow and Twiggs Momentum both suggest that breakout is likely &#8212; which would signal an advance to 7000.<br \/>\n<img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" alt=\"FTSE 100 Index\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2013\/2013-04-29-ftse.png?w=525&#038;ssl=1\" \/><\/p>\n<p style=\"text-align:right;font-size:.9em;color:#999999;\">* Target calculation: 6500 + ( 6500 &#8211; 6000 ) = 7000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Germany&#8217;s DAX found support at 7500 and is again testing long-term resistance at 8000 (shown on the quarterly chart below). 13-Week Twiggs Momentum and Twiggs Money Flow both display bearish divergences, warning of selling pressure. Reversal below 7500 remains likely and would signal a correction to test the rising trendline. * Target calculation: 7500 &#8211; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Europe: Dax faces selling pressure while UK and Italy rally&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"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-7605","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: Dax faces selling pressure while UK and Italy rally - 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: Dax faces selling pressure while UK and Italy rally - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Germany&#8217;s DAX found support at 7500 and is again testing long-term resistance at 8000 (shown on the quarterly chart below). 13-Week Twiggs Momentum and Twiggs Money Flow both display bearish divergences, warning of selling pressure. Reversal below 7500 remains likely and would signal a correction to test the rising trendline. * Target calculation: 7500 &#8211; &hellip; Continue reading &quot;Europe: Dax faces selling pressure while UK and Italy rally&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\" \/>\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:published_time\" content=\"2013-04-29T06:44:14+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2013\/2013-04-29-dax.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\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\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Europe: Dax faces selling pressure while UK and Italy rally\",\"datePublished\":\"2013-04-29T06:44:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\"},\"wordCount\":126,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-04-29-dax.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\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\",\"name\":\"Europe: Dax faces selling pressure while UK and Italy rally - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-04-29-dax.png\",\"datePublished\":\"2013-04-29T06:44:14+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-04-29-dax.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2013\/2013-04-29-dax.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2013\/04\/29\/europe-dax-faces-selling-pressure-while-uk-and-italy-rally\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Europe: Dax faces selling pressure while UK and Italy rally\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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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":6937,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/12\/europe-ftse-and-european-markets-rising\/","url_meta":{"origin":7605,"position":1},"title":"Europe: FTSE and European markets rising","author":"Colin Twiggs","date":"March 12, 2013","format":false,"excerpt":"The FTSE 100 broke out from its rising flag on the weekly chart and is headed for a test of resistance between 6800* (the high from 2007) and 7000 (from 1999). Rising 13-week Twiggs Momentum indicates strong buying pressure. * Target calculation: 6400 + ( 6400 - 6000 ) =\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":6678,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/11\/europe-dax-selling-pressure\/","url_meta":{"origin":7605,"position":2},"title":"Europe: DAX selling pressure","author":"Colin Twiggs","date":"February 11, 2013","format":false,"excerpt":"The FTSE 100 is retracing to test its (secondary) rising trendline on the daily chart. Respect would signal another advance -- as would a 21-day Twiggs Money Flow trough above zero. * Target calculation: 6000 + ( 6000 - 5250 ) = 6750 Germany's DAX is retracing to test support\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":8149,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/22\/europe-dax-and-ftse-100-recovery\/","url_meta":{"origin":7605,"position":3},"title":"Europe: DAX and FTSE 100 recovery","author":"ColinTwiggs","date":"July 22, 2013","format":false,"excerpt":"Germany's DAX recovered above its 2007\/2008 high at 8200, signaling a primary advance with a long-term target of 9500*. Breach of resistance at 8500 would confirm. 13-Week Twiggs Money Flow is above zero, but remains weak, warning of further retracement to test support at 8000. Reversal below 8000 is unlikely,\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":6790,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/25\/europe-italian-stalemate\/","url_meta":{"origin":7605,"position":4},"title":"Europe: Italian stalemate","author":"Colin Twiggs","date":"February 25, 2013","format":false,"excerpt":"Reuters reports that support for Mario Monti'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\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":8176,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/07\/28\/europe-dax-and-ftse-hesitant\/","url_meta":{"origin":7605,"position":5},"title":"Europe: DAX and FTSE hesitant","author":"ColinTwiggs","date":"July 28, 2013","format":false,"excerpt":"Germany's DAX is retracing, but as long as it respects medium-term support at 8000, the primary advance is intact. Breakout above resistance at 8500 would offer a long-term target of 9500*. A 21-day Twiggs Money Flow trough above zero would strengthen the signal. Reversal below 8000 is unlikely, but would\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\/7605","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\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=7605"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/7605\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=7605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=7605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=7605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}