20081021

The WIG Index changed a little bit today:



The market looks more bullish on intraday chart (higher low & higher high pattern):



The US market closed above the triangle upper band:



The breakout makes this formation quite reliable, (after Encyclopedia of Chart Patters by Thomas N. Bulkowski), however Brian Shannon remains sceptical in today's video from AlphaTrends blog. Nevertheless, market does no care what we think an we should wait for at least medium-term signals in WSE before we do anything.

Polish Ministry of Finance didn't sell all the bonds in offer (here via Google Languages). Brett Steenbarger has an interesting article on US bonds (here).

Sources:
[http://seekingalpha.com/article/100719-corporate-bonds-vs-the-yield-curve]
[http://gospodarka.gazeta.pl/gospodarka/1,33181,5830624,MF_wyjasnia__dlaczego_nie_sprzedalo_calej_oferty_bonow.html (via Google Language Tools)]