ThisTejas
Short

NBG about to drop

NYSE:NBG   NATIONAL BK GREECE S A
210 7 0
I have not done an overall wave count, this is simply in response to someone else' chart. Assumption that NBG             is an ABC pattern is taken from their chart, I've simply reworked the internal waves
The only thing I disagree with your chart, is your motive wave at the start of your chart. It looks every corrective, that is why I think the whole wave is an A, as opposed to a motive 12345 up. That is why I think the current wave is a B, and we are about to start a C wave up. We will see soon enough :)
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ThisTejas Nathanael
my wave count still supports the idea that all of this is an ABC up, I like you abc-xabc as your initial bullish move wave A, my wave count still would work as a wave B retracement, which would then be followed by a wave C going bullish
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Appreciate the chart! However, I see it as an ABC correction upwards on a overall bear market. I see something like this:
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Nathanael Nathanael
in retrospect, my last count does not work. Your case of Alteration makes sense, and maybe the overall weekly downtrend is over, and this is indeed the start of a turn around.
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ThisTejas Nathanael
the only issue I have is the leg that goes from (x) to a, within the triangle. It seems disproportionate. But who knows, I'm not very familiar with this chart, so I could be way off.
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Nathanael ThisTejas
yea, I agree with you on that. Its not an easy chart to count, thats for sure. Take a look at the weekly log, it gets messy down here - which, to me, is the sign of a long term turn around. Some of us have attempted to do the count here if your interested.
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ThisTejas Nathanael
thanks! I'll check it out
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