Euroland's sovereign debt problems among peripheral countries
David Fuller's view Yields remain disturbingly high as you can see from these 10-year government bond charts for Greece (weekly & daily), Portugal (weekly & daily), Spain (weekly & daily), Italy (weekly & daily) and Ireland (weekly & daily). The weekly charts show acceleration and overextension relative to the 200-day moving averages, indicating that uptrends are becoming climactic, prior to an eventual mean reversion towards at least the rising MAs. Breaks in the progressions of higher reaction lows will be required to confirm eventually that this corrective process is underway. Currently, upward pressure is still evident.
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