The Greece Stock Market – Elliott Wave Technician

The Greek Stock Market has been in a major bear market since it’s peak in 2000, down to a low in 2016 not seen since 1989. The entire decline was approx. 95%.

However, the bear market should continue, at least a few more years, before it is over. A correction in a possible 4th wave triangle is currently in progress. A rally in wave “c” marked in black color might be topping. The next should be a decline in wave “d”, followed by a small rally in wave “e” in order to complete the triangle.

Notice, that a final decline in wave 5 marked in blue color is still due over the next few years.

The above chart with analysis is an extract from our April 2023 Elliott Wave Technician Investment Newsletter.

The Rothschild Brothers of London writing to associates in New York, 1863, laying the groundwork for the eventual passage of their catastrophic Federal Reserve Act on December 23, 1913:

“The few who understand the system will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.”