DEN 20 - There is nothing rotten in the state of Denmark

                       I decided to "walk" to northern Europe, and found something interesting in Denmark. The local index DEN 20 has made beautiful impulse, which is almost done.
The wave count I came up with, is for an impulsive five waves. There are many, many gaps, but so what. The price is very close to resistance since July 2008 and I will keep it on eye next few weeks. My expectations are for corrective reversal soon.

The picture in 1 hour chart doesn't show signs of  reversal yet. If I notice any , I will make an update.

I've been to Copenhagen once, and can assure you - There is nothing rotten in the state of Denmark.