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Strategies & Market Trends : Classic TA Workplace
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To: Shack who wrote (125536)10/28/2005 7:07:35 PM
From: Perspective  Read Replies (1) of 209892
 
EWFF teaser says they're counting the recent downleg in Europe as an impulse:

British stocks have been a European leader for some time. In September 2004, the FTSE-100 was the first to bottom – while other indexes only followed over the next 3-5 months. Then, in February 2005, the FTSE was the first to top – while other markets kept pushing higher into March and April. And now, in October, the FTSE fell under its August low – while most other European bourses did not. Is the FTSE still leading the way? See our detailed analysis and charts to find out.

The Milan MIB Index also dropped in October – and rather dramatically – beneath its August low. New trends may begin quietly or announce themselves with drama. Only by looking at the MIB’s Elliott wave patterns can you tell if the October decline started a new trend in Italian shares. The November EFF shows you just the right chart.

The DAX’s decline from 5138 looks weak when viewed on a monthly chart. But we’ve observed one crucial point: the DAX’s decline has developed in a five-wave form. To an Elliottician, this simple pattern speaks volumes about the coming trend in German stocks. We make no secret of it – you’ll find the details in the “Frankfurt” section of the November EFF.

In last month’s EFF, we said it was time for investors to be concerned about the rally in the Euro Stoxx 50. The October action in the index confirmed our fears: It declined abruptly. And just like the DAX, the Euro Stoxx 50 has fallen in a five-wave pattern… Again, we tell you in simple terms what this means for Europe’s fifty largest stocks.

BC
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