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Post# of 51819
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techcharter

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techcharter

Re: None

Thursday, 04/29/2010 6:52:51 PM

Thursday, April 29, 2010 6:52:51 PM

Post# of 51819
Greece is the word

The Athens exchange shows a waterfall pattern for the month of April '10. The longer term E-wave indicates things are going to get much worse.

The Athens market bear market rally out of the March '09 lows coincided with the rest of the world. It ended in October '09 while the rest of the world has continued to advance.

The Athens WAVE C has started.
Wave 1 Oct '09 to Dec '09
Wave 2 December '09 to March '10 a flat correction. wave c was an ending diagonal.
Wave 3 March '10 to incomplete. Several wave 1-2 combinations have started. waves 3-3... are about to unfold, starting maybe next week.

Elliot Wave has a slightly different count, but still more downside to go.


http://stockcharts.com/h-sc/ui?s=$ATG&p=D&yr=0&mn=8&dy=0&id=p43384570728
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