German Markets are Set to ‘Pump You Up’

While Sandy has brought the US markets to a standstill there are markets around the world that are trading. The German market, represented here by the Germany Index MSCI iShares, $EWG, has been interesting lately. Technically this has been building a bull flag at the 61.8% Fibonacci

Germany Index MSCI iShares, $EWG

retracement of the move lower from the 2011 high, a second visit to this territory. The Measured Move higher takes it to 28, above a full retracement on a break of the flag higher. With the US markets reopening will it happen this week?

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