EWG , German ETF

The DAX is close to having recouped all of its losses. For some reason this is not the case for quite a number of related indices such as the Euro Stox50 and . Not sure why but may have to do with the composition and weightings used. Anyway, here is the .

ewg

Clearly we are not even close to the 2007 highs, having regained just 61.8%. We wonder if this is a better reflection of reality. If so this market could soon be in trouble.