Just to give you guys an idea of what the global technical picture looks like since the respective 2012 tops for each of the following markets:
China -20%
Japan -15%
Germany -22%
France -21%
UK -14%
Brazil -28%
Italy -29%
Canada -15%
India -24%
Russia -31%
Spain -37%
Only Japan, UK, Canada, and the American markets have not been dragged into a bear-market yet. However, the rest of the world has already begun a global bear-market, as highlighted by the red and with losses crossing -20%. This signals further losses to come.
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