MARKET NOT SAFE BUT…

…we could be close to a rebound. No clue will it be a turning point, only time can tell. Also all the focus seems to be on Greece (and Spain, Italy..). How bad would it be for other “problem countries” if Greece leaves the Euro experiment?

DAX is making lower lows but to me the chart pattern is not that bearish at the moment. A break down below the green box would most likely set off a bigger drop with first target 6000 and then ~5500. I bet the market will get very nervous if/when Greece leaves the Euro zone since we have no experience what to expect from such event.