Greek stocks tumble amid concerns on government stability

It's a combination of things...but in short, we were in an uptrend from the end of July to September. Then price ranged in October. Then this past week we had a Bullish Daily Engulfing candle on Tues(4hr downchannel breakout to the upside)...but on Wed, we got a Daily Pinbar and price went back into the 4hr channel(very strong signal that it was fakeout and a reversal was coming). Yesterday/today price continued to selloff and broke the strong 1.2880 support level...all the while this week on the 1hr price was kept making Lower Highs and now we are getting Lower Lows. That's all the makings of a uptrend that stalled out, went into a range and is starting to turn into a downtrend. Remember, Sell the Rallies...not the lows(unless you're jaygee...then you can just add onto a losing trade until you're eventually right!).

Here's another HUGE clue!!! Remember when I was always saying "buy the dips"??? It was partly because the majority of retail traders were short euro(typically 57% or more were short)! NOW, the majority are going long euro so the smart/big money is selling!!! http://fxtrade.oanda.com/analysis/

Happy Trading!

These "experts" don't get it....growth will be the only thing to change this....so when they make larger cuts and put more people out of work...less revenue to the government....and if they raise taxes....more people try to evade or move their businesses.....craziness....this is a death spiral.....they will have to leave the Euro to have a devalued currency to compete...

Greek(?) journalism parrots singing the Epic(Fail) tragedy subliminally begging for a deus ex machina.

I'm from Greece and to cut a long story short these are the YEARLY FACTS for all I care as parrots SHOVE Imperial libellus:

Greek elections on June 17.
People vote to STAY in EZ against all odds and takes from 5/May year low @ 476.36 to elections effect 22/June @ 614.09 peak

Houston we have a lift off.
Swift correction as pagan sacrifice of true wealth begin(+ little help from Woddy Woodpeckers) skyrockets to 22/October @ 894.01 HIGH. Do the profit math on that... doji(November Grexit on table - November Grexit off table).
...Hugh?!.

November welcomes US elections with a smooth correction to 761.24 that puts you at the familiar trading leap of FAITH:
"Take profit and/or...BUY THE DIP?!"

Greek Stocks Year chart
http://www.bloomberg.com/quote/ASE:IND

P.S. Can you believe it? There are ridiculous RUMORS of a correlation with... DAX(4/June @ 5969 low - 18/October @ 7437 high ):

http://finance.yahoo.com/echarts?s=%5EGDAXI+Interactive#symbol=%5Egdaxi;range=1y;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

P.S.2 Before our politicians we must trial our(?) media gay-land. Period.

I'm proving that old school news driven fundamentals are the vehicle to scuba dive on any term. Sea level rises of submarines population not ice melt.

I'm also proving with new school cold blood speculation technical analysis how BS noise can be filtered and where actually was(and might be) the profit out of Grexit headlines during the year.

You see when media fundamentaliers shout SELLSELLSELL prices go to wholesale. Then the "unbelievable" happens and many start talk to the fish because there were some buyers connecting accounts on the other side of the sell-off.

Pointless? Priceless!

P.S. You made me break my promise. Now I won't break it even in private.

You're right. Too many buyers now so I guess if it's destined to go up(as it was the case of coming down at the present area we're going to have major shake off and wild wicks SL hunt.
On the other hand sometimes majority has to be rewarded and it did happened before.

Trade safe

Well, I've been a buy the dips guy until the trend had changed....and I think this weeks price action has changed that. Will be looking to sell rallies on e/u starting next week.

Oh yeah, they will throw you a bone here and there(winning trades) just so you put more money into the market so they can take all of that later!

timetraveler !!

I can see that you try to proove sommething!!
but it looks pointless unclear

Bosomworth: “#Greece is insolvent & it’s going to default. It’s just a question of how+when" forcing ECB to eventually take

good

Tw0eleven from now will euro going down? please can you explain what you'r chart showing?

200 MA daily

Greece is being raped by the Germans again, just listen to Schauble last outburst. Slap a grey uniform on him and Angela and its like the old days.

By the way: I'm not German too.

I'm looking into re-doing my office...anyone one know is regular wallpaper glue sticks to Euro's?