Higher high has been made, thus buy signal has been generated. Nevertheless, I believe we shall be careful and use wide stop losses together with our money management rules. Oscillators and volume are quite confusing.
Also, out target from inverse-head-and-shoulders pattern from May (this post) has been reached (90% of projected swing size).
The bossa.pl portal has published interesting series (part one, part two, part three, part four and part five) on mentioned Blackstar Funds paper (this post).
Some thoughts on US market (here).
Sources:
[http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:head_and_shoulders_b]
[http://seekingalpha.com/article/155933-why-this-rally-will-continue]
[http://blogi.bossa.pl/?p=1075 (via Google Language Tools)]
[http://blogi.bossa.pl/?p=1081 (via Google Language Tools)]
[http://blogi.bossa.pl/?p=1084 (via Google Language Tools)]
[http://blogi.bossa.pl/?p=1086 (via Google Language Tools)]
[http://blogi.bossa.pl/?p=1089 (via Google Language Tools)]
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