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# The Greek stock market and the significance of the 500 points
- URL: https://jimmakos.com/greek-stock-market-500-points/
- Published: 2016-01-19T10:24:44.000Z
- Updated: 2020-11-29T11:38:24.000Z
- Description: I've been advising against buying Greek stocks. Now that the General Index is close to 500 points, I can once again discuss investing in the Greek economy.
- Author: Jim Makos
- Tags: Investing

For the past two years, I’ve been advising against buying Greek stocks. Now that the General Index is close to 500 points, I can once again discuss investing in the Greek economy.

![](https://storage.ghost.io/c/44/8d/448d9c80-c34d-4d74-8a89-3db10bee06f2/content/images/2020/11/greece-stocks-1.png)

Mind you that the support level CAN fail. It’s just that technical analysis implies there’s a bigger chance that it will hold. And if it does, we can only hope that GI will penetrate the resistance at 1,200.

I’ll monitor the daily chart for a reversal pattern, before pouring money into this.