20090324

The WIG Index touched the level of 24700:

wig_20090325

It seems the forecast (or rather a guess) from this post was correct and now market is in interesting situation around the level of 24700. Crossing this level will generate buy signal.

The divergences in CCI and RSI seem to confirm the rally. Also volume suggest the uptrend continuation. Nevertheless it is still risky to open a larger long-term positions. We should wait for few sessions to see if the WIG Index stays above 24700. Proper money management is a priority here.

It seems China is worried about its USD reserves (here or here).

Sources:
[http://seekingalpha.com/article/127435-the-un-china-want-to-ditch-the-dollar]
[http://seekingalpha.com/article/127591-china-wants-to-transfer-currency-risk-back-to-the-u-s]

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