A pledge or a bluff.

It is very easy to pledge but all these has not been translated into real terms as yet.Henceforth the world's financial market has been taken for a bumpy ride by those holding the joker card.
Euro zone governments similarly hoped that their pledge of financial support for Greece meant that they would not have to follow through with actual check-writing. When it became increasingly clear that this approach was not going to work, serious disagreements and coordination problems between euro zone governments (and within some governments) made it difficult to replace the vague pledge with a strong commitment and hard cash.
Now, two months after the European Union (E.U.) leaders made their pledge of support for Greece, the euro zone finance ministers have finally filled in most of the blanks. They pledged EUR30bn of support for Greece over the next 12 months with the prospect of additional support from the International Monetary Fund (IMF). Within Europe, as and when Greece asks for the support, it will come pro rata from its euro zone partners based on their size. Jean-Claude Juncker, Luxembourg’s prime minister, said that the euro zone countries now have a “loaded gun” on the table if the market does not cooperate.
There are still a lot of technical, operational and political uncertainties. The gun is loaded but it has not been fired yet.
Moreover, Greece is not alone within the euro zone in needing to make a difficult fiscal adjustment and having a competitiveness problem versus Germany and other northern European nations. Given how difficult it has been for Germany, France and the other E.U. partners to come up with a support package for Greece, the possibility of a number of euro zone members needing support simultaneously is a worrying prospect.

The Dow Monday is 4 market days to index/options futures expiry.

9:30am:--The planned offering of aid to Greece from the EU boosted the early opening.
10:30am:--Bearish engulfing.Hoovering near session high.
11:30am:--Pullback to session bear pivot.Bullish hammering of current bottom.Amid uncertainty regarding the health of corporate profits, market participants kept a cap on gains.
12:30noon:--Retracement to bull pivot.bullish spin.
1:3opm:--A new session high.Shhting star.
2:30pm:--Pullback to near MAV support,graveyard doji.
3;30pm:--Bearish marubozu.The International Monetary Fund aims to come up with a plan of its own for Greece.
4:00pm:--Retrace to MAV resistance.Attempting to light up again.
A very choppy trading day. News of aid for Greece and a dip by the dollar helped the broader equity market continue its upward trend, such that it even set a slightly improved 52-week high as it advanced for its sixth time in seven sessions.
Monday's session ended with a spinning top but on the upper shadow of previous day.Chances of resuming the uptrend is still intact.Three days before the expiry index futures will see another volatility with profit taking before it stage another rebound.