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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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...If the dots don't connect, gather more dots until they do...




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Wednesday, November 23, 2011

European Industrial New Orders falls most in 7 years

European industrial new orders fell to -6.4%...the lowest reading since January 2005, as shown on the graph below (graph provided by www.forexfactory.com). This is not a healthy sign, which confirms what I said in my last post.

Additionally, the data released today for European flash manufacturing PMI shows a further decline to 46.4, as shown on the graph below...back down at levels last seen in mid-2009. This data ties in with my post of November 10th: http://strawberryblondesmarketsummary.blogspot.com/2011/11/weak-french-italian-industrial.html