Grease it or scrap it.

Global financial markets rocked and rolled due to Greece financial distress. An exchange rate depreciation will not help either as it's in a fixed exchange rate euro-zone area.

The International Monetary Fund (IMF) which have rich financial strength in its coffers will need to extend a lending package to Greece,a small economy compared to Spain that need sizable funds.

If, in the unlikely event, the IMF needs to come to the simultaneous rescue of the four Euro-zone economies with the worst fiscal situations, the IMF’s ability to help other countries may start to be compromised.

Meanwhile,China is considering using the framework of the European Union (EU) or the International Monetary Fund (IMF) to help Greece out of its debt crisis.

Greece is seeking to raise 53 billion euros ($74 billion) in funds this year to reduce a budget deficit of almost 13 percent of its gross domestic product (GDP), the biggest shortfall in the European Union. It reportedly is persuading China to buy as much as 25 billion euros of its bonds.

Conflicting reports about whether the major European nations have agreed to provide support for Greece is still vague.

The Dow Tuesday,9/02/10 is 8 market days to index futures/options expiry.

The Chinese will be leaving the ox year and ushering the year of tiger on 14/02/10.
9:30am:--Bullish 100.0 points gap up.

10:30am:--Session high with bearish hangman.

11:30am:--Pullback to session MAV support,a bullish engulfing follow suit.

12:30noon:--Spike up to new high,bearish dark clouds cover.

1:30pm:--Hanging on at session bull pivot.

2:30pm:--A double hit at the bull support pivot,bearish harami.

3:30pm:--Spinning top and the pullback.

4:00pm:--Holding above the MAV support,it's the bull in control.

February's candlestick todate is a bearish doji and it's time to be transformed into a bullish candlestick.Tuesday's market has hit the MAV resistance line forming a bullish inverted hammer.

Despite the latest artificially insemminated market turmoil,the Dow is still in its strong footing having completed a negative 158 points compared to the bulls which have positive 289 points.

This is the time where the IMF will be going around countries of the world to inspect their respective country's accounting positions and scouting for business.