20080829

The WIG Index is market has broken the long-term line, nevertheless it was not confirmed yet in any way:



The WIG20 Index clearly broken-out from a downward channel, but remember WIG20 Index tends to overreact:



Please note the nice positive divergences on both indexes - they can be the key to current situation. Nevertheless, on intraday basics the wide market looks really messy:



The downtrend looks it has been broken (without confirmation yet). However, the current price draft can become the double tops or reversed shoulder-head-shoulder easily. Thus, stay focused, but do not do anything yet.