wait and see Mid 24 to Q1-25 top 1.618 fib The most hated rally & the biggest bull trap in history!
Study the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i...
Dear Mrs Lagarde, please assign an employee and buy all bonds from Greece. The divergence must be addressed immediately before the end of the month. Please also get the state security to find out who is selling their bonds here. So it does not go on, that here insiders simply sell off before the outstanding bonds are converted into 100 year permanent...
Really, really remarkable to see this. Remember the Greek/eurozone debt crisis? That's what the big spike is. Now, here we are. Greek bonds are nearing their lowest levels ever. The only explanation is that people are seeking the safest form of assets in government bonds and Central Banks are becoming more helpful managing debt and supporting their countries. I...
In the short term, the ECB is still holding out against the capital flight from Greek government bonds, but it is powerless against the capital flight out of the euro. The ECB's new bazooka won't help, Mrs Lagarde. As you can see in the chart, the candy has been sucked and the trader world can see that too. Best regards from Hannover (Lower Saxony) Stefan...
Still in Cycle downtrend per Elliott Wave Analysis
A timely update to Greek Equities, with outflows reaching extreme levels it is a good time to start looking for value opportunities. This move will have momentum behind it and I am a buyer of any pullbacks into support here. This will not be the first time Greece breaks correlation from global equity flows and it is worth a look as we edge closer to a breakout...
Since the last few months, powered by the new elected government in Greece, GREK has been recovering. This recovery has to do with greater expectations investors have from the new government. GREK shows a clearly established upternd. A reasonable strategy would be to wait until the current swing is over, reaching the support and then to follow the uptrend.
GREK has broken upwards in late May following a Golden Cross formation in late April. The last 3 times a Golden Cross took place the ETF rose (on the cross date) by +8.40% once and roughly over +30% twice. Currently it is already up by +8.40% from the Golden Cross occurrence so if it starts breaking higher, we have a confirmation for an additional +20% rise, which...
Can be described as a bag full of shit, but has been steadily advancing the past months, with elections coming soon... one of the most bombed out market it as spent 30 months building a long bottom between 0.550-1.074 If the new democracy is elected and say the right words investment could return driving the market higher. On the other hand this is greece...
Story : National Bank of Greece announced a Q2 net loss a couple of days ago which sunk it's share price to an almost all time low - with not much downside left (technically), continued reduction of the bad loans in it's books and a perceived improvement in alignment of Greek policies to the EU expectations a bullish case is not hard to build. Furthermore,...
Get ready ladies and gentlemen, this bad boy is almost at its support, get in set a stop loss just beneath its support line and, it should bounce off. The open interest for jan 20s on this b*tch also looks hella dope. Lets make some f*ucking money :) (can you swear on this site? I dont really want to censor myself) anyways have a great day fellow traders!
Seems Greece deal is done, attention is gonna shift soon prolly to Asia or US so with my Dollar expectations I can see Euro making some real lows.
For reference only. Time will tell what will happen in the next couple of weeks.
Obviously, being smart, sane, savvy and logical traders, we all recognise that there is a monstrous Godzilla formation looming over cable right now. I don't mean some obscure Japanese candlestick formation, but the actual Godzilla, poised to run rampant and squash the UK into smithereens if it votes leave in June. I would contend that the opposite may be the...
As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June
This pair is about to turn anytime, currently trading in correction for wave (y) of wave (2). This pair is bearish and we are still holding bearish view on it. On alternate; pair might do flat correction for wave (2) before turning bearish but in both cases; there is no evidence for turning bullish for near term. We will hold and wait for short opportunity. -...
The Euro is back under major resistance...was this a fake break out? We are watching closely and looking for opportunities to the short side. if the bulls rally and take out the most recent highs then the squeeze will be on and Euro bears will be jumping off the ship. We want to see a test of the major resistance and sellers to step in. NO TRIGGER, NO TRADE!