Here’s a look at the Nikkei, EuroNext 100 and DAX markets since the 2009 low. Like the Dow and SPX they have similar wave patterns, EuroNext 100 and DAX with expanded flats where primary wave [B] made a higher high (like the Dow and SPX), Nikkei didn’t (like Financials and Russell). And, like the US marekts we see retracements of 50%-61.8% of the bull market off the 2009 lows.

Leading US indexes and Gold