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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Tuesday, May 29, 2012

Spain is Still a Problem

Spain is still a problem, as price is trading down on this Spanish ETF during intraday trading on Tuesday morning (in contrast to other Foreign ETFs in my list), as well as on the Spanish Stock Index, as shown on the Daily chart below.

On the index, price has dropped below its recent consolidation...a further drop looks inevitable.


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