20090107

Today's session was less impressive one (-1.44%):

wig_20090107We shouldn't make any forecasts (ever), but we should note well visible uptrend (higher high & higher low pattern). The overall situation has not changed and we are waiting for 29600 (or continuation of fail).

The natural gas transit through Ukraine from Russia has been completely cut off (here). This situation will have serious consequences.

Satyam Computers, one of the India's largest technology outsourcing company seems to be next Enron (here or here).

US job market took another hit with labor market report for December (here).

There also seem to be great volatility on crude oil (here). Ca.-14% drop in just few hours (chart thanks to ChartStation form Netdania):

oil_200901071

Sources:
[http://gielda.onet.pl/0,1892080,wiadomosci.html (via Google Langage Tools)]
[http://www.michaelmoore.com/words/latestnews/index.php?id=13004]
[http://business.timesonline.co.uk/tol/business/industry_sectors/technology/article5464908.ece]
[http://www.marketwatch.com/news/story/Oil-tumbles-12-most-seven/story.aspx?guid={E6A90B85-A7A2-49E1-AA67-D5606D7173A2}]
[http://www.marketwatch.com/News/Story/adp-data-show-693000-private-sector/story.aspx?guid={11A2598F-2D9D-48D2-A934-144BA5E1BB9C}]

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