If it were, it would mean price falling back to reversal point 6 before rallying up to point 7 and beyond.

Bear in mind, this index is meant to be Europe’s “brightest & best” 600 companies. If this index were

to fall to reversal point 6, what would that mean for, say, Europe’s banks laboring under $1 trillion+ in

NPL’s?

Also bear in mind that these same European banks, e.g. Deutsche and Credit Suisse, underwrite a hell

of a lot of the entire ETF space. If they go under, so too will a hell of a lot of current ETFs. (Heads up, Eagle!)

 

Ray Dalio seems to think the near term future for European companies is not bullish:
https://www.zerohedge.com/news/2018-02-14/bridgewaters-european-short-grows-massive-22-billion-here-are-targeted-companies

 

If this index does fall to point 6 it means a hell of a lot more money printing coming down the pipe from your

local, friendly, neighborhood central bankers, which also means that, finally, gold bugs are going to be

vindicated.

 

“Be careful what you wish for because you might just get it.”