Thursday, 29 January 2009

Confirmed Rally?

Investor's Business Daily is now stating that we are in a confirmed rally. Their claim that no bull market starts without a follow through day is true. Yesterday's big upward push in the market was because of a bank plan and Fed optimism? If you are investing your money according to Obama's new plan and the clowns at the Fed., then you don't really undersand how the markets work. After the rally and optimism fades away over the next few weeks, I think the market will roll over and head to new lows. Make sure you have your portfolio prepared for another leg down in the market.

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