20081212

The WIG Index seem to continue its fall:



Intraday chart shows us more details:



The general situation still looks promising. Today's drop was accompanied by small volume and index can be rebouncing from triangle upper trendline. Maybe we left the first conception of symmetrical triangle (this post) too soon as it can forecast the range of uptrend swing. Nevertheless, I suggest to be rather defensive and wait for test of 29600.

The foreclosures number grows in US (here).

It seems there is hope for US Automakers (here).

And another fraud scam, this time for 50 million USD (here).

Sources:
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aJ2Wj18nV2_Q]
[http://seekingalpha.com/article/110463-scary-foreclosure-numbers-scarier-prospects]
[http://news.yahoo.com/s/nm/20081212/bs_nm/us_madoff_arrest_3]