20091031 - EURPLN, CHFPLN

The EURPLN rallied this week, but the daily buy signal has not been not generated yet:



The CHFPLN chart is alike:



Both currencies showed us some volatility in past period.
Nevertheless, the primary trend is still down. As per technical approach, unless primary downtrend breaks, those rallies should be used to liquidate our long positions.

20091030

The WIG Index fell -0.87%:



The general outlook is quite confusing. The daily and primary uptrend are still intact, nevertheless oscillators are not confirming last high. The today's volume was low and there are not many clues elsewhere.
In such setup it is the best to refrain from any transactions, until situation clarifies itself.

US stock markets did not look encouraging today (here).
However, S&P500 is still above the last low (ca.1020 from 2nd October) and primary uptrend is still intact.

An interesting paper on oil available resources (here).

Good analysis of moving average crossovers (here).

Sources:
[http://www.bloomberg.com/apps/news?pid=20601087&sid=aKuVVFkJXvso]
[http://marketsci.wordpress.com/2008/09/21/moving-average-crossovers-debunked]
[http://www.scientificamerican.com/article.cfm?id=squeezing-more-oil-edit-this]

20091029

The WIG Index gained +1.13%:



We have had quite volatile session today. The WIG Index has been hovering near the level of ca.38000 for the first half of the session and then rapidly rallied to ca.38600-38800.
Nevertheless, the general situation has not changed and we are still in daily and primary uptrend.

US market current technical analysis (here).

Sources:
[http://seekingalpha.com/article/169708-recent-market-weakness-the-technical-damage]