20081010

After sessions like today there is too many emotions floating around to make any decent analysis, thus let's just take a look at chart:



There is not much to say - huge open gap, potential supports easily broken, panic. Was that lowest low? I'm confused - it might be. Nevertheless, we have made lower low and it's clear sell signal; take also a look at US market (video from Brian Shannon) - they managed much better than Europe. I still prefer more conservative approach (and I'm probably wrong, but rules are rules).

Few screen shots from today. WIG -7.95%:



WIG20 -8.10%:



KGHM -21.04%:



Stocks from the WIG20 Index:



In sources section there are some articles about today's market (especially this one for Bloomberg), but I think any financial journal/newspaper/blog will have something about today's session.

You can also watch a video from Investing and Trading blog.

Sources:
[http://www.marketwatch.com/news/story/us-stock-indexes-looking-weekly/story.aspx?guid={C902D7A5-33DA-4E7E-952F-9082B4401FEA}]
[http://www.forbes.com/home/2008/10/10/briefing-afternoon-lehman-markets-equity-cx_ss_1010markets24.html]
[http://online.wsj.com/article/SB122363315976122397.html]
[http://www.bloomberg.com/apps/news?pid=20601087&sid=asrj_KC23zi4]