20080919

Today's chart for the WIG Index looks more than impressive:



The same goes for the WIG20 Index:



Both indexes have opened with a huge gap and continued upward. The daily volatility (measured by ATR) is rising as well. There are mixed emotions out there, but like Brian Shannon says - the price is the only thing that pays. The market look very bullish in short-term, but remember there is still sell signal for the long-term market.

European Commision asked polish government to lift the restrictions of polish pension funds. Current limit does not allow fund managers to invest more than 5% in foreign markets, which was not a bad thing lately. An article can be found here (translated via Google Language Tools).

Sources:
[http://gielda.onet.pl/0,1827749,wiadomosci.html (via Goolge Language Tools)]