The WIG Index has clearly broken the 24700 (last weekly high from 10th Feb) and generated long-term buy signal. Trends in CCI and RSI and rising volume seem to confirm the direction.
In my subjective opinion the main downtrend is still intact and we need to cross 29000 (as for now) before we can confirm long-term uptrend. However, the rally is well visible and we should consider entering the market.
As the current rally may be easily qualified as parabolic uptrend (here or here), we should rather avoid market orders and we might want to wait for correction. Also, remember the market can go in any direction at any time, therefore we should always follow the principles of money management.
PLN interest rates have been lowered by 0.25% (here).
US economy seems to be somewhat better (here or here)
US rejects China currency proposal (here).
Sources:
[http://www.marketoracle.co.uk/Article5478.html]
[http://www.forex-articles.net/article-24.html]
[http://www.marketwatch.com/news/story/geithner-bernanke-reject-china-currency/story.aspx?guid={7B77BC42-BCED-4568-9FB4-22493E84CCB2}]
[http://www.rp.pl/artykul/2,281666.html (via Google Language Tools)]
[http://www.marketwatch.com/news/story/Durable-goods-orders-jump-Feb/story.aspx?guid={F6B658F2-ACC6-4E1D-B5A4-3F4A6E38739C}]
[http://www.marketwatch.com/news/story/Economic-reports-may-boost-longevity/story.aspx?guid={41D36EAF-D415-4101-9CD8-8681BA5DE589}]
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