20080722

The charts are getting more and more messy, but this shows that I'm not sure what's going on. Inwestors are also hesitating as the small volume shows. The next resistance is the high from 10 Jul - ca. 40200:


Strangely - the wolumen on WIG is going higher, but the wolumen on WIG20 is going lower. The next resistance is ca. 2609, also from 10 Jul:


In situation like this I won't play long positions as they are against the main trend. I will also consider the possibility of future reversed head-and-shoulders pattern.

The USA closed in green today, therefore we can expected the same on WSE.