Can the low of 476 in June be the bottom for the Greek market after its has dropped 91% ? And the major wave C has completed 5 waves as shown. It is possible that the market has already factored in the worst possible scenario for Greece.
However if the major wave C has 9 waves, then the index may drop another 50% or more from the current level.
Dow
The low volume indicates that there is no mass participation. It is possible that the market is being artificially supported by you know who.
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1 comment:
Volume participation for the US markets is non-existent. This is an election year and also you know who QE experiment needs to be proven right, EU Eurozone experiment too. So I believe there are several you know whos.
Nice blog Sir.
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