20080901

Note that from today exchange sessions are 30 minutes longer. I believe brokers are not so happy as they have to wake up earlier.

The WIG Index still looks pretty undecided:



The WIG20 Index also does not know what to do:



Intraday chart (thanks to Stooq) looks very messy::



Everything is possible. We can notice there is resistance ca.40500, but such levels can be easily taken in few hours. The RSI indicator shows negative divergence and seems to confirm the double tops formation, but it is too early to say - it can be reversed shoulder-head-shoulder as well (however there is a little symmetry).

I'm losing trust in indicators. I'm not sure if they are useful on intraday charts. Take a look at 4 hrs time-frame from today - it tells a different story (positive divergence):



Sources:
[http://biznes.gazetaprawna.pl/artykuly/30966,brokerzy_nie_zatrudniaja_pracownikow_w_zwiazku_z_dluzsza_sesja_na_gieldzie.html (translated via Google Language Tools)]