"Still trudging to the channel line. Overnight news on Greece www.marketwatch.com/story/...hope-for-greece-rescue-2010-02-11 produced statements like this:
Early Thursday, Reuters reported -- citing an E.U. government source -- that the leaders would take "determined and coordinated" action to aid Greece.
"Resolutions at European Union meetings (like the one today in Brussels) can favor a 'relief rally' on the equity market," said Tammo Greetfeld, strategist at UniCredit.
Usually statements like this result in the opposite happening. I would expect, if the current wave count is correct, (ii) of [iii] of 1 down, that any official "rescue" of Greece will be met with the biggest "sell the news" event of the year. "
Nur wer sich verändert, bleibt sich treu.