Situation is quite dangerous. Target from triangle and Fibo 168% are ca.21500. Sell signal has been given; however, I would prefer to wait for tomorrow's session close as there is possibility of bear trap. Obviously, there is no reason to buy and the odds are in favor of downtrend continuation.
Today's session is quite well summarized in this article (via Google Language Tools).
More general approach to problems in polish economy is presented here (via Google Language Tools).
The January Barometer has been mentioned in this post. The S&P500 ended with -8.57% loss, therefore we shall expect 2009 to be bad as well. However, note this is just one indicator and shall not expect anything.
There is an interesting article about Asia situation on US crisis (here).
Sources:
[http://www.investopedia.com/terms/b/beartrap.asp]
[http://www.investopedia.com/terms/j/januarybarometer.asp]
[http://gielda.onet.pl/0,1530331,komentarze.html (via Google Language Tools]
[http://msp.money.pl/wiadomosci/zarzadzanie/artykul/przedsiebiorcy;alarmuja;rosna;zatory;platnicze,122,0,424058.html (via Google Language Tools)]
[http://gospodarka.gazeta.pl/Gielda/1,85951,6210942,Czy_Azjaci_doprowadza_do_bankructwa_USA_.html (via Google Language Tools)]
Posts
No comments:
Post a Comment