Greek Mythology Wednesday Wrap Up

Looks like another Herculean task by the Greek parliament, done behind closed doors despite widespread opposition, lifted equities across the board today. However, instead of stealing the Mares of Diomedes or the apples of the Hesperides it was the Greek tax payer’s turn today who got robbed blind in bright daylight yet again. But we’re used that by now – another day in the Greek saga and another plundering of public coffers across the Western hemisphere. All that to maintain an illusion of financial EU stability, which in reality has become a clusterfuck of epic proportions that even Zeus himself could not make whole again.

Careful now Hercules, there may be a price to pay for all your indiscretions. The Gods are not pleased and neither is the Greek population – just a matter of time until this situation turns very very ugly. You can’t offload a mountain private debt onto a starving public and expect to live to tell the story.

Here’s the wrap up for today which I strongly suggest you watch and learn from as it was a textbook example of a bullish trend day, with two nice divergences (bullish and bearish) thrown in for good measure.

Alright, I’m feeling a lot better – one of the 20 drugs I’m popping must apparently be working. Better living through chemistry.

Cheers,

Mole