20080729

The WIG Index tried for third time to cross the 41k support and it failed, but we are still in uptrend and above resistance line, therefore nothing new can be said right now. Nevertheless, please note quickly dropping volume, which is not a good sign:



Similar situation can be observed on WIG20, therefore we will have to wait for situation to clarify:



Please also note PKNORLEN will have dividend cut-off; this should total to about -15 points in WIG20 Index.

SeekingAlpha published quite interesting article with various assets (i.a.: S&P500, Oil, Gold) correlation matrix. What surprised me is almost co correlation between SP&500 and Oil, Gold. The matrix can be seen here.

Sources:

[http://seekingalpha.com/article/86118-asset-class-correlations]