20090305

The WIG Index fell -0.76%:

wig_20090305

For a few sessions the WIG Index is floating around 22000. Nevertheless, the primary trend remains downtrend and there is no reason to enter trades other than short-term ones.

US markets are near important levels. The S&P500 Index is looking quite pessimistic:

sp500_m_20090305

I don't think we shall apply technical analysis' patterns to such a long periods; nevertheless chart looks pretty bearish and long-term sell signal has been generated.

Brian's daily video here. Another interesting video here - overall the market sentiment is very bearish now. Also, the US economic data does not suggest any improvement (here).

Sources:
[http://www.marketwatch.com/video/asset/dow-could-hit-4000/1973951D-B6AB-41F1-B91D-06032C304AFB]
[http://www.marketwatch.com/news/story/Worst-job-losses-60-years/story.aspx?guid={3E4B9AA2-1748-4AE4-82BA-10F4CD13DD7A}]

No comments:

Post a Comment