The market regained some points from tomorrow, however we have made lower low.
The level of 40000 has been defended for now and we are still above the important level of 39300.
I am rather overall bearish - markets have rebounced greatly and we are in consolidation now.
Nevertheless, emotions should not be a reason behind our actions, thus we should always wait for market signals and act only then.
The S&P500 Index is still on support (as of now):
Update from 2010/01/30:
It seems that S&P500 has broken the daily support:
This is quite negative signal, but we need to wait for polish market reaction till Monday.
There is nice paper of Poland's economic situation (here). I have to say I don't totally agree with all author's statement, but overall article shows Poland's economic advantages quite well .
I have summarized the period since March and I think my strategy could do better. There were few daily sell/buy signals, where there should be none and such struggling lowered total profit. It simply means I have to rethink few options and come out with better approach.
Trading is never-ending process of self-enhancement and, unfortunately, this kind of knowledge comes only with experience and cannot be taught or found in books.
Sources:
[http://www.economist.com/world/europe/displaystory.cfm?story_id=15394158]
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