Wednesday, April 4, 2012

EUROSTOXX50 - Bulls have (lots of) work to do...

European big-caps

Europe has clearly doubted, at least until now, from the US moves (or should I say, from FED´s power?). In 2000 and 2007 tops, european big-caps were also a good warn of what to expect...
One could argue that S&P500 is the leader and the others markets will manage to follow.
I think under 2500 this is pure hope...


On a daily basis, the breakdown is already happening. Take a good look to the bearish divergence during LTRO joke...





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