The iShares MSCI Germany ETF (EWG) will make a lot of people a lot of money in the next 12 weeks... but not everyone.

This chart shows EWG trading at a critical support level. A rule of thumb for trading is that major support lines normally hold while minor support levels usually break. What that means for EWG is uncertainty: a jump back to recent highs or a fall off a cliff.

I'm biased towards a fall off the cliff. Just look at momentum getting ready to turn negative like Karl Rove in a presidential campaign.

Not to mention that manufacturing numbers show a fall of 2.4% when economists expected a rise of 0.3%.

So here's how to trade it: A failure here means a quick tumble to $22 (from a current price of $28.50) with an ultimate hard landing all they way down at $8, however unlikely that seems.

A bounce here should be played a bit more tentatively, since upside is more limited.

Sara Nunnally
Editor, Taipan Trader

Turn the Tables on Wall Street...

Learn how to make $4,840 or more every six weeks. However we must make sure that the Merrill Lynches and Goldman Sachses of the world don't catch on to what we're doing...

Follow this link for more information...