The market is very close to the highest high (ca.41700) and general situation looks quite bullish.
In my opinion we won't be able to break the highest high without pullback, but this is my subjective thought only.
There is interesting science paper about demography in Poland (here). It shows us some predictions about polish population and age dependency ratio.
Unfortunately, the poor future age dependency ratio suggest we should take care of our own pensions and don't look at government schemas. To get better picture, you might also want to read the note from Polish Financial Supervision Commission (this post).
Sources:
[http://www.demogr.mpg.de/papers/working/wp-2006-026.pdf]
[http://en.wikipedia.org/wiki/Dependency_ratio]
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