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In Response To: Europe agrees on EFSF; IMF may aid Italy: Reports ()

'Such aid would give Mario Monti, Italy’s new prime minister, **********12 to 18 months********** to pass austerity measures meant to bolster market confidence in Italian finances, the report said.'

Confidence not in the wind, risk-off in the air for now. Yes, oversold market; watch the 5D line and 50 RSI. Contrary to popular belief, the most important signals in RSI and the other assorted momentum indicators exist below/above the median value. CO

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Europe agrees on EFSF; IMF may aid Italy: Reports

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