20080917

The WIG Index continued this move:



Similar situation can be observed in WIG20 Index chart:



Any forecast for target level is simply pointless. Some of the projections can be seen on charts, but they are just potential supports.

It seems AIG just barely avoided filling for bankruptcy (here and something even more interesting - here), but it did not stopped panic in US market. Therefore, I suppose we will have a opening gap on WSE.

Make sure you watch the video from www.alphatrends.blogspot.com - it's really good today (do not to miss the gold analysis).

Update from 2008/09/18:
Noticed today, I believe we can see some sort of 37370 level confirmation in hourly chart:



Sources:
[http://www.ft.com/cms/s/0/271257f2-83f1-11dd-bf00-000077b07658.html]
[http://www.cnbc.com/id/26646278]

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