The Greek stock market has been rallying since 2012. Our Elliott Wave analysis indicate that a 4th wave rally could be complete now. We think that a new decline in wave "5" could last years.
The return of the bear in the Greek stock market ? Source: Elliott Wave Technician
The banking system in Greece is already at the edge of the abyss. Will a new collapse of the Greek stock market put them in a similar situation as banks in Cyprus or even worse ?
Our advice: If you have bank deposits in Greece you should prepare for the worse.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
The return of the bear in the Greek stock market ? Source: Elliott Wave Technician
The banking system in Greece is already at the edge of the abyss. Will a new collapse of the Greek stock market put them in a similar situation as banks in Cyprus or even worse ?
Our advice: If you have bank deposits in Greece you should prepare for the worse.
Geir Solem
Elliott Wave Technician
Copyright (C) all rights reserved
