Regardless impressive rally, the WIG Index has made lower low and that generates sell signal. We are close to the important level of 24100 and there are various emotions in the market.
Small cap companies could give us some clues. Let's focus on the sWIG80 chart:
and also the mWIG40 chart (the breakout is clearly visible):
We can note, that the both indexes have broken their supports and are making the lower lows now.
Nevertheless, we still are within 24100-29600 area and before we leave that we shall not take any action.
The Holder portal published another report (here via Google Language Tools, also note pdf file) about polish mutual funds actions. It seems mutual funds are increasing their exposure for polish shares (especially in electroengineering, information technology and chemicals sectors).
Sources:
[http://www.holder.com.pl/fm.shtml?id=4144&fm=11154&c=38400729002 (via Google Language Tools)]
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