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Friday, April 24, 2015 8:23:18 AM
Market timing with Greece as the focus:
My timing is for a market bottom May 8 (a Friday) and comparing to the news would have a last minute deal for the May 11 (following Monday) payment deadline, then a ultimate market top to happen the week before the end of June ultimate timeline which should collapse and enter a Greek exit which will probably lead to chaos in the Eurozone.
"With no deal expected in Riga, expectations will shift to the next Eurogroup meeting on May 11 on the eve of Greece's next hefty debt repayment to the IMF."
"However, European officials are increasingly floating the end of the June as the true deadline for Greece, when the current 240 billion euro ($260 billion) programme expires."
http://news.yahoo.com/eu-says-progress-not-sufficient-greece-debt-deal-073118185.html
My timing is for a market bottom May 8 (a Friday) and comparing to the news would have a last minute deal for the May 11 (following Monday) payment deadline, then a ultimate market top to happen the week before the end of June ultimate timeline which should collapse and enter a Greek exit which will probably lead to chaos in the Eurozone.
"With no deal expected in Riga, expectations will shift to the next Eurogroup meeting on May 11 on the eve of Greece's next hefty debt repayment to the IMF."
"However, European officials are increasingly floating the end of the June as the true deadline for Greece, when the current 240 billion euro ($260 billion) programme expires."
http://news.yahoo.com/eu-says-progress-not-sufficient-greece-debt-deal-073118185.html
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