Category: International

iShares MSCI Italy ETF 2017-05-29

The formation for the last eight years has been that of a sideways converging pattern, a potential triangle. We initially started following this last year talking about the possibility of [d] of the triangle being set and to prepare for a bounce up into first quarter of this year. A relatively more recent update talked […]

iShares MSCI Germany ETF (EWG) 2017-04-30

The MSCI German ETF (EWG) has what is thus far a corrective structure up from 2009 to 2014 and a possible ugly leading diagonal down to the 2016. From there, the move up looks like a three into a standard deep retrace value. This area is also roughly a test of the 2000 high.

DAX futures 2017-04-14

I’ve changed my large scale thinking on the DAX. Originally, was counting up an impulse from a possible large triangle that had wave ‘e’ of the triangle at the low of 2011. That had a nice converging look to it but problems with the internal counts of the triangle. Now setting a corrective low at […]

Performance matters: Review and forecast for Italy fund EWI

It was mid-July when we suggested a countertrend trade in the iShares MSCI Italy ETF (symbol EWI). Although the economic news out of Italy at that time was mostly bad, we thought the Elliott wave chart pattern offered reasons to expect at least a modest bounce from support. We then revisited EWI in November.

iShares MSCI Italy ETF (EWI) 2016-12-31

I have followed this ETF this year because of the news cycle. When things looked darkest, I suggested that there was a contrarian play for a rise up into the end of the year. That rise may in fact last for a couple more months but is near the first resistance zone which suggests it […]

Italy ETF bouncing as expected

The countertrend bounce that we suggested several months ago appears to be working for EWI, the iShares MSCI Italy ETF.

iShares MSCI Italy ETF (EWI) 2016-10-25

I’m not saying this is incredibly bullish, everyone has seen the news about Italian banks, but do think there is a counter trend bounce developing that can last into the end of the year if not into the start of the next.