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TECHS: KEY M/T EQUITY LEVEL FOCUS:.........>

EQUITIES
EQUITIES: TECHS: KEY M/T EQUITY LEVEL FOCUS: Equity markets in freefall: 
*** EUROSTOXX 50: Next stop 2050.16, Jun 2012 low? Has traded through its key
L/T trendline drawn off the 2009 lows. The trendline intersected at 1515.25. 
*** FTSE 100: 4790.04, Jul 2010 low and 4509.21, the 76.4% retracement level.
The index has traded through 61.8% of the 2009 - 2018 uptrend.
*** DAX: 7487.72, 61.8% retracement the major 2009 - 2020 uptrend. The index has
also cleared its long-term trendline drawn off the 2009 low at 9647.29. 
*** The SPX long-term trendline support drawn off the 2009 low intersects at
2404.00. It looks like this trendline will be breached once US markets open
given the declines we've seen in European indices this morning.

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