20090514

The WIG Index fall -0.62%:

wig_20090514

We did not manage to close the gap from 4th May fully. There are no new signals from the market: oscillators are still doing fine, the volume is descending on drop.

The level of 29000 seems to be important support. As per our ideal setup (this post: well, not so perfect anymore as the market did not reach 31500 in last swing), the market should rebounce from this area and make higher high. However, that's just a guessing game and there is no reliable way to forecast that.

As per weekly uptrend we should hold to our long positions until the market tells us otherwise.

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