20090203

Today's session confirmed the sell signal from yesterday:

wig_20090203

The WIG Index made lower low (another long-term sell signal) with huge drop -3.76%. From triangle formation, we can draw target price at ca.21500.

The polish market was very unusual one among mostly-green Europe (chart thanks to stooq.pl):

indexes_20090203

The WIG Index does not look like it is in sync with rest of the markets. Also, this selloff was not accompanied by increase in volume. That's leaves us some doubts about current market situation.

Nevertheless, only the price pays, not opinions. There is no reason to buy and it's the best to wait for clarification now.

The EURPLN and CHFPLN shown some volatility:

eurpln_20090203

The long-term buy signal was also generated on CHFPLN:

chfpln_20090203

Both currencies' uptrends stay intact, which is not good idea for polish mortgage owners.

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