20090219

Today's session was quite dynamic (+4.12%):

wig_20090219

Regardless, today's gain, the pattern of lower lows & lower highs is well visible. There is not much to say - the WIG Index still looks bearish.

The Polish government will defend PLN (here or here). Also, the Goldman Sachs announced end of betting on depreciation of central European currencies (including PLN) (here). Nevertheless, from technical point of view, both EURPLN and CHFPLN are still in long-term uptrend.

Another Ponzi scheme has been found in US (here).

Brian's daily video here.

Sources:
[http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aP6gJ42Or17o]
[http://www.nytimes.com/2009/02/18/business/18stanford.html?_r=1&bl&ex=1235192400&en=1940fa97be5bac75&ei=5087%0A]
[http://biznes.onet.pl/5,1532975,prasa.html (via Google Language Tools)]
[http://www.dziennik.pl/gospodarka/article323196/Zloty_odrabia_straty.html (via Google Language Tools)]

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