Online Stock Trading | The Stock Market Battle

The Stock Market Battle


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Stocks retrace 90% of November 13th’s gains and find support

Tuesday’s stock market action was certainly not one for the faint of heart.  The awesome volitility seen during the day makes an old wooden rollercoaster look like child’s play.  We are seeing extreme pessimism, Wall Street and Main Street continue to be extremely negative on the economy and the stock market.  However, from our October ‘07 highs to our November ‘08 lows the market was off roughly 50%.  The stock market certainly has foreshadowed a bit worse than what we have seen so far.  With that said, the market is always forward looking and we may be setting up for a bear market rally.  Pay attention to strong stocks in strong industries and if this market has enough upside power we’ll see a rally that will last longer than a week.Here are some stocks to watch:

Remember, this isn’t a “buy list.”  Do your own homework!  At any rate, if we see a rally it would be a much welcome event for many of those who are suffering massive losses.  Bear market rallies do occur and they can be profitable to those who recognize them.  Will this market rally, its up in the air but its poised to rally here.  EnjoyMS 

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Comments

2 Responses to “The Stock Market Battle”

  1. The Stock Market Battle : Monster Stock Trader on November 19th, 2008 3:00 pm

    [...] The Stock Market Battle Share and Enjoy: [...]

  2. sharegyan on November 21st, 2008 4:05 am

    Hello,
    Stock market is a volatile market. Investors are afraid of entering Indian stock market due to such volatile conditions. FII are the one who are selling
    shares like anything. Now we can see some relief rally in the market but still recession can curb the movement of the stock market. In these sort of market investors and
    traders are confused like which stock they should select that is stock selection is the major issue now.

    Have any doubt lets discuss it and help everyone

    Happy Trading,

    ShareGyan

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