20090416

The WIG Index fell -0.5%:

wig_20090416

It's hard to interpret market right now - RSI and CCI oscillators are giving contrary signals, volume direction is very subjective. We are near the important level of 29000 and market has to decide the direction.

As per weekly signals there is still uptrend and we might use this pullback to enter some positions. However, proper money management is very important - especially at this moment we don't want any positions without defence.

Warsaw Stock Exchange celebrates 18th birthday today (here). According to polish law that is the threshold for adulthood.
It all started in 1991 in Centrum Bankowo-Finansowe:

centrum_bankowo_finansowe(Image shamelessly stolen from here)



Sources:
[http://www.gpw.pl/gpw.asp?cel=ogieldzie&ktore=014615_2 (via Google Language Tools)]
[http://www.cbf.com.pl/index.php/en/]

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