Update On Europe’s ETF’s

I pointed out some potential hard times for the European ETF’s back in mid July. Here is the original post and the original annotation of the bear flag set ups. Below are the charts as of the close of Friday’s trading. Most of the names mentioned have dropped about 20%. Here is an update, in the same order. These patterns are still very heavy and from my perch, still look lower. If that’s the case, our markets will feel the pain, until Europe stops melting down.

Belgium 300x197 Update On Europes ETFs

Belgium

 

italy1 300x199 Update On Europes ETFs

Italy

 

spain3 300x197 Update On Europes ETFs

Spain

 

germany1 300x198 Update On Europes ETFs

Germany

 

france1 300x207 Update On Europes ETFs

France

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