01.45 CET
France CAC40, Italy SPMIB, Spain IBEX35 and Sweden SWED30.I are now in definitive bear markets.
The 50 MA has crossed 100 MA and 200 MA on downside and all MA:s have turned down. The bear market can only be reversed if 50 MA turns up and crosses 100 MA which also turns up.
Last time this technical situation was seen was September 27, 2007 for SWED30.
England FTSE is very close to the same situation which I regard as bear market.
U.S.A. Dow and SP500 have both the 50 MA crossed on downside of 100 MA which has not turned down. The 200 MA:s are still rising below the curves. Germany DAX have the long MA:s in order for sideways trend but the daily trend is down since the 8 MA has crossed 21 MA which both will turn down in a few days.
The bear market indices should be sold and long term short positions should be taken on strength.
France CAC40, Italy SPMIB, Spain IBEX35 and Sweden SWED30.I are now in definitive bear markets.
The 50 MA has crossed 100 MA and 200 MA on downside and all MA:s have turned down. The bear market can only be reversed if 50 MA turns up and crosses 100 MA which also turns up.
Last time this technical situation was seen was September 27, 2007 for SWED30.
England FTSE is very close to the same situation which I regard as bear market.
U.S.A. Dow and SP500 have both the 50 MA crossed on downside of 100 MA which has not turned down. The 200 MA:s are still rising below the curves. Germany DAX have the long MA:s in order for sideways trend but the daily trend is down since the 8 MA has crossed 21 MA which both will turn down in a few days.
The bear market indices should be sold and long term short positions should be taken on strength.
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