EWP (Spain iShares)

As the year comes to an end, I like to look back on which ETF's were the strongest. On top of the list is EWP..it's up almost 50% for the year...not bad for an ETF. If you look at the above chart, you will see a 7 year weekly chart of EWP. What I find so amazing about this ETF is that every single low or buying opportunity took place almost exactly 11 months apart. Look at the above chart carefully, those vertical lines are all exactly 11 months apart.. You can see how all the lows coincided with this cycle. The Next cyclical low for this ETF is due May 2007! If the trend for this ETF is still up, you can be sure I'll be a buyer next May as long as I remember. Please somebody remind me..:-)

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trading, stocks, investing, commodities, gold