During the weekend the Greek authorities held talks with private lenders. No major agreements were reached. The major negotiator left Athens on Saturday. The talks will be continued through the phone. Any major agreement will improve the market sentiments.
According to the DFWA Department of , the prolonged talks keep pressing the markets. But investors are sure that sooner or later the issue will be resolved, thus improving the situation. Moreover, Greece has already written a part of its debt.
The overall situation looks as follows: there is a 3-wave pattern. We should wait till the correction is formed and will probably start selling on wave 3, depending on kind of correction it is.
