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IBDvalueinvestin (99.68)

Next week we should see a rebound Rally, Charts show the market will trend

Recs

5

January 09, 2009 – Comments (4)

Between 8,500 & 9000.  The two points are resistance both to downside and upside. The market should trade in that range.

The market has been routed in a 3 day decline of nearly -400 points for djia.

The market is down from 9015 on djia to  current 8,624. The mood should change to the positive with just 2 weeks left for BUSH and with a change to a stronger leader investor confidence will grow.

Stocks are all about investor confidence.

Strong leader = Investor confidence  look forward to better decision making by its leader.

Strong Father = Disciplined & behaved children who don't want to dissappoint their father due to respect. 

4 Comments – Post Your Own

#1) On January 09, 2009 at 11:39 AM, Billullo (< 20) wrote:

WIth all respect i will have to disagree, economic deterioration of the country is far more heavy right now than just the change of Leader! Number will continue to be bad for at least 6 more months.

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#2) On January 09, 2009 at 11:48 AM, oversea (< 20) wrote:

A strong father can make his children weak and twisted...

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#3) On January 09, 2009 at 11:53 AM, IBDvalueinvestin (99.68) wrote:

Opinions are just likes butts, everyone has one.

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#4) On January 09, 2009 at 1:27 PM, ThoughtfulFool (< 20) wrote:

IMO, the "good feeling" rally will only last for a few weeks more after the Obama inauguration.  Bad economic news will continue and eventually overshadow and kill that positive psychology.  See my last blog entry for more.

Even with this, I doubt that we can beat the latest highs in the market before the next downturn.

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