03.31.09
20090331
The WIG Index fell in the last minutes, eventually gaining +0.23%:
The CCI oscillator has made lower low, but rest of the indicators we use (RSI, decreasing price and volume, Fibo retracements) suggest uptrend continuation in medium-term.
Nevertheless, the WIG Index is still in medium-term uptrend and the level of 22700 seems to be the last bottom.
Brian’s video for today here.
Some thoughts about Warren Buffett’s portfolio (here).
Sources:
[http://seekingalpha.com/article/128657-the-days-of-buy-and-hold-are-over]
03.30.09
20090330
The WIG Index fell -3.36%:
It’s quite interesting situation as we are between two gaps. And gaps tend to be covered.
Neither medium-term (daily) or long-term (weekly) uptrend have been broken. Nevertheless, we are still in risky environment and we shall expect big volatility at least.
Profit taking day – as Brian described in his video.
There are speculation about General Motors bankruptcy (here).
03.28.09
20090328 – EURPLN, CHFPLN
EURPLN gained +2.25% at last session:
The medium-term (weekly) downtrend is still intact, however EURPLN might generate short-term (daily) buy signal if 4.6925 is significantly crossed.
The CHFPLN actually generated short-term buy signal (crossing 3.0575):
Nevertheless the medium-term (weekly) is still intact and from this perspective it is still correction.
Currencies are as always hard to forecast and we are limiting our analysis to simple trend following signals here.
