STOX50

ACWI, see the blog of March 5. Then & now 3X.

Hamilton

On the left then, on the right now;

ACWI acwi oct 2011

ACWI are iShares, the high was $49, it peaked at $49.83

$stox50 $stox50 oct 2011

The Stox50 high was 2698 on March 4, it peaked at 2741 a few days earlier.

tsx march 4 2011 tsx 25 oct 2011

The high was 14280 on March 4, the actual high was 14315. The blog is available under ACWI. Does it matter? Not really, everyone knows that EW is nonsense anyway. Better to listen to your broker. Unfortunately Stockcharts is not free if you want to go back more than 3 years, consequently I cannot line-up the charts the way i would like to.

Stox50, Dow Jones Stox 50 index

Hamilton

stox50 aug 31 2011   stox50 aug 31 2011 s

The STOX50 gives a reasonable cross section of Europe without having to look at X different exchanges. All have in common and A-B-C rally from the lows and most peak around April of 2011. But some are falling a lot faster than others, the STOX50 is more or less in the middle of the pact. This index contains all the big names such as Shell ,Nestlé, Unilever, Siemens, Deutsche Bank etc.etc. It is somewhat underweight the German companies and overweight the Brits and the Swiss but all in all it is a reasonable proxy for Europe. Notice that we are already below the B-wave level of the A-B-C up .(The Dax is right at that point whereas the SMI, MIB, AEX are below).

Looking at the detail chart this is the only one that still might be making a triangle,  -  others are also in waves 4 but not triangles  -  presumable a wave 4 of 3 of the first down leg. Despite the recent rally this drop may not be over yet!