649bruno
Short

German Index: 5 Impluse Waves & 3 Corrective Waves (Twice)

AMEX:EWG   ISHARES INC MSCI GERMANY ETF
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Since May, the German I-Shares have completed a 5 wave impulse pattern followed by a 3 wave a-b-c corrective pattern.
In late June this resulted in a selloff.
This pattern repeated itself for the second time this summer.
After the a-b-c corrective waves (ending August 15) EWG-has gone sideways.
I believe the path of least resistance is down.
My next chart is of Germany-I-Shares, only the time horizon will be weekly.

Good luck to you. Don.
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