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Europe and UK into stage 1?

For the UK both the FTSE 100 and 250 have had their 150 MAs flatten out and are now rising.  The same is true of the DAX and the indicies are all above their MAs.  No higher lows and higher highs yet.  For the UK the A/D line is making a new high.  All have Weinstein momentums above zero, though they have been falling but the number of stocks above the 50% and 200% EMAs, for all are above 50%.  OF couse there is always the danger that there is an error in my calculations, but the change of the rising 150 day MAs being incorrect is quite low.

Another thought.  The precipitous drop is just working its way out of the SMAs so we should see some large upticks in the SMA so one would expect it to level off.