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IBDvalueinvestin (99.67)

What the heck will make this market rebound???

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February 18, 2009 – Comments (7)

Jesus Christ it fell 297 pts yesterday and it can't even hold a 20 pt rebound.

7 Comments – Post Your Own

#1) On February 18, 2009 at 9:50 AM, IBDvalueinvestin (99.67) wrote:

I just hope we don't break below 7,500 djia because my computer theory suggests we would have a massive computer caused selloff at that point and next resistance would be at 7,000 djia

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#2) On February 18, 2009 at 10:11 AM, outoffocus (23.17) wrote:

Your computer theory?  Have you even considered, I dont know, economic fundamentals?

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#3) On February 18, 2009 at 10:35 AM, IBDvalueinvestin (99.67) wrote:

no, because that would mean i would give my money to a mutual fund and lose 55% like the rest of the lambs did in 2008.

I actually made huge profits in 2008, and will do so again in 2009.

Turmoil is the best time to make profits.

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#4) On February 18, 2009 at 11:03 AM, IBDvalueinvestin (99.67) wrote:

I heard HEDGE funds got massive redemptions this week and that is one reason we re-tested lows. They sold their weakest holdings and repositioned their remaining funds into the strongest stocks looking forward. This will bold well for the rest of Feb. heading into March when the majority starts getting the average $4,000 tax refund per family with a single family house.

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#5) On February 18, 2009 at 11:34 AM, chk999 (99.97) wrote:

Time

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#6) On February 18, 2009 at 11:40 AM, CoastalTrader (87.63) wrote:

Yup..........time.

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#7) On February 18, 2009 at 11:45 AM, SideShowMel0329 (49.26) wrote:

Time is seriously the best answer here, just wait it out. Recessions happen.

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