2009/05/07
20090507
The WIG Index fell -0.56%:
The higher high has been made and weekly buy signal has been generated. The target from symmetrical triangle seem to be realized (usually this pattern give about 80-90% of projected swing size).
Few on-line analysts are expecting a correction now, however there are no technical signs of even short-term reversal yet; we have to simply wait for proper market actions.
The significant drop at the end of session is confusing, nevertheless the weekly trend is still intact.
China warns the Federal Reserve to pump more cash into the financial system (here).
Few words about Warren Buffett (here) from the end of 2008. Currently Berkshire Hathaway Inc. is trading much lower (here or here).
Sources:
[http://www.thedisciplinedinvestor.com/blog/2008/10/02/warren-buffett-genius-or-thief/]
[http://www.marketwatch.com/news/story/China-central-bank-says-Fed/story.aspx?guid={2B1DC06C-6E35-4C7F-8291-8C3D3CB7283E}]
2009/04/27
20090427
The WIG Index fell -1.11%:
The general situation is still not clear. Contrary signs from oscillators and descending volume don’t clarify the picture either. In those situation is the best to just wait for market action.
Also, note the potential (only potential as so far) inverse-head-and-shoulders pattern with neckline ca.29000 and left shoulder height ca.26700.
Interesting view on US debt allocation (here).
Some articles about US housing market (here and here).
Sources:
[http://seekingalpha.com/article/132960-more-cold-water-for-u-s-housing-market]
[http://seekingalpha.com/article/133152-mixed-housing-report]
[http://www.thedisciplinedinvestor.com/blog/2009/04/24/foreign-holders-of-us-treasury-debt/]
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b]
[http://www.investopedia.com/terms/i/inverseheadandshoulders.asp]
2009/03/18
20090318
The WIG Index fell -1.28%:
The volume was low, but only the price matters at the end. The general picture still gives an impression of correction and there are no technical signs of reversal, but we should not stick to any forecasts.
The Federal Reserve announced it will buy longer-term US Treasury bonds for 300 million USD (here).
Kisiel2's blog 