2009/11/13
20091113
The WIG Index fell -1.11%:
Today’s retracement can be interpreted as a preparation for taking the last high. On the other side, both oscillators are still under trendline and that is a bearish sign.
Nevertheless, before we actually go through resistance or support, our forecasts are only guesswork.
2009/11/12
20091112
The WIG Index gained +0.88%:
Nothing new can be said about current situation as we are very close to last high, yet still below it. US market closed in red (S&P500) and that could be a negative sign.
Nevertheless, we should not act before confirmed breakout.
The Financial Graph & Art published a very interesting paper on history of FED (here).
Sources:
[http://www.financialgraphart.com/history_of_fed_free.pdf]
2009/11/10
20091110
The WIG Index gained +0.50%:
We are quite close to last high (ca.40300), crossing it will generate primary buy signal.
Current rally is quite dynamic, but nothing can be said before we cross this level.
There is an interesting article on America’s inflation.
Note:
There is no session tomorrow, due to national holiday.
Sources:
[http://seekingalpha.com/article/172262-the-unsustainable-lie-of-inflation]