Tuesday, May 29, 2012

IBEX capitulation selling starting?

Is the selling today the start of the capitulation?

May be a BUY soon..
IBEX down 2.62 % vs DAX up 0.7%

quick look at charts Monthly weekly and daily

Key level on downside 5280 Monthly Support

and then 3910/4000


starting to go oversold

Positive divergence didn't do much for the price.  Indicators which were oversold now reset so another leg down possible to oversold again.  Maybe a positive divergence on bigger time frame setting up..

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