20081211

The WIG Index has dropped 0.53%:



Intraday chart shows we are still above 28000:



Generally speaking, it seems the Fibo levels work well lately. We are still in uptrend, volume  as well as oscillators seem to confirm the north direction. Nevertheless, I'm still playing defensive and waiting for test of 29600.

The Big Three US automakers won't get any help from US goverment (here).

Here is quite interesting speech about greed from Investing and Trading blog.

There is no Brian's video for today, but there is quite educational entry instead.

Sources:
[http://video.google.com/videoplay?docid=-7610088285632568722&hl=en]
[http://www.marketwatch.com/news/story/Automakers-bailout-falls-apart-Senate/story.aspx?guid={01358784-ABDC-4333-8C55-2FA96BB138AE}]
[http://alphatrends.blogspot.com/2008/12/stock-market-trend-analysis-121108.html]