Reversal in the Greek Stock Market?

The Greek stock index broke down at support at the end of November and made a new low for the year.  Since the beginning of this month, however, Greek stocks have rallied strongly and now the index is bumping up against downtrend resistance.  A break out above the resistance line would help assuage the fears over the Eurozone financial problems.

The Irish stock index has also bounced during December and needs to get above 185 to break out of the trading range.