20090319

The WIG Index rallied today +1.91%:

wig_20090319

The situation gets more and more interesting. There are no technical signs of long-term reversal, however the market looks encouraging on short-term (crossing Fibo 61.8%).

Nevertheless, it's still the best to have only money positions (but we also don't expect to catch a bear market bottom).

Also, tomorrow's session can be quite volatile as per Triple Witching Day.

Brian's video for today (here).

Almost all of the EU economies seem to shrink (EU GDP decreased -1.3%), Poland is one of the exceptions (here).

And few sad photos from The Big Picture's crisis gallery (here).

Sources:
[http://www.investopedia.com/terms/t/triplewitchinghour.asp]
[http://www.money.pl/gospodarka/raporty/artykul/gospodarki;ue;kurcza;sie;polska;jednym;z;wyjatkow,192,0,435136.html (via Google Language Tools)]
[http://www.boston.com/bigpicture/2009/03/scenes_from_the_recession.html]

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