German Markets are Set to ‘Pump You Up’
- Posted by Greg Harmon
- on October 31st, 2012
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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Gregory W. Harmon CMT, CFA, has traded in the Securities markets since 1986. He has held senior positions including Head of Global Trading, Head of Product Development, Head of Strategy and Director of Equity. (More)
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