Here too we have a good deal of ambiguity – the best count suggest that the 3d wave had a failed (by very little 5th and that most of the past few months were spent on addind the 5th wave. This is not necessarily the low as in 2000/2003 it lost about 6000 points out of 8000, but it does suggest that a fairly solid rebound may be around the corner soon. This one is a great precurser for north-American markets as it had the same double top that , for instance, Citigroup and quite a few others had. Today it is within 100 points of the low set months ago, we will see if it holds.See the RSI which suggests it might. Germany is , of course, also the country of “schadenfreude”, try not to become the subject of that.