Asian Tigers Continued

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EWY - South Korean ETF

• EWY, iShares MSCI South Korea ETF made so far three waves down from the July peak, but it may drop more, developing into a more bearish structure.

• The charts below show cycle composites of EWY developed for daily and weekly charts.

• The daily cycle composite suggests further weakness into mid-September.

• Then, a rebound can be expected into early 2025.

• The weekly cycle composite suggests a weakness from early 2025 to late 2025 and possibly into 2026.

Berkshire Hathaway Cash

• Warren Buffett knows what he is doing, presumably.

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