11.09.09
20091109
The WIG Index gained +3.01%:
We have experienced nice rally today with increased volume (but still small). However, we are still below last high and we have to wait and see if the swing breaks last high.
Warren Buffett is investing in railroads (here).
StockCharts are publishing detailed technical analysis course by Chip Anderson (here). It is not finished yet, but this series is quite interesting.
There is nice blog entry how to interpret volume divergences (here).
Sources:
[http://seekingalpha.com/article/171975-how-warren-buffett-is-smarter-than-the-g20]
[http://blogs.stockcharts.com/chartwatchers/ta101]
[http://blog.afraidtotrade.com/inside-a-volume-divergence]
11.07.09
20091107 – EURPLN, CHFPLN
The EURPLN generated a daily buy signal during this week:
Similarly, daily buy signal has been also generated on CHFPLN chart:
Obviously, the October’s sell signal (this post) was a false one and we can see daily uptrend now (of course this situation can change quite fast). Nevertheless, note the primary direction is still downwards and we should not trade against primary trend.
Note for Gregorski:
I also believe that Polish Zloty is still under-valued considering Poland’s economic situation, regardless to current rally. However, I have learned that feelings are usually bad idea in this kind of business, especially in Forex market. Therefore, I rely almost exclusively on stop-loss orders and money management.
You can find exact value forecasts here or here.
By the way – if anyone would know the future exchange rates for currency, he/she could use some the more speculative instruments and be very rich quickly.
11.06.09
20091106
The WIG Index fell -0.87%:
The general overview is still the same: daily and primary uptrend, bearish negative divergences and decreasing volume. Therefore, we have to wait for next market action.
Gold hits record high of 1100USD/oz (here).
Sources:
[http://www.marketwatch.com/story/gold-reaches-new-record-above-1100-2009-11-06]
