The market as fallen further; we are now close to 50% Fibonacci level.
It's possible some of reader's stop-loss orders were triggered. Depending on our strategy we might want to place buy orders near supports' levels for individual shares.
The truly amazing session happened in US markets (here):
S&P500 went as low as -8.7% during the day.
There is a rumor, that today's crash might be a result of human error (here or here).
The Polish Zloty was further weaken.
The EURPLN chart:
The EURPLN is still in technical primary downtrend; however we need to consider trend reversal.
The CHFPLN chart:
The CHFPLN has risen surprising ca.+9% in the last two days.
I cannot find reasonable explanation to such rally, however market does not care what we fell.
Technically speaking, after nine months of consolidation, the last lower high (2.86) has been broken and buy signal has been generated.
Unfortunately, those are not good news for polish mortgage owners.
Sources:
[http://online.wsj.com/article/SB10001424052748704370704575227754131412596.html?mod=WSJEUROPE_hpp_LEFTTopStories]
[http://wallstreetpit.com/26427-rumor-major-trading-firm-caused-the-crash]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=a3tiFiVZLZwg&pos=1]
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