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SMF Blogs > StockMarketFunding: Commentary > January 2009 > Markets Look to Rally Amid "Bank Bank" Resolution Debate

Markets Look to Rally Amid "Bank Bank" Resolution Debate

StockMarketFunding told traders how the government would attempt to resolving the banking issues with this "good bank" "bad bank" resolution. We told our traders as you start to hear the debate on TV if this will work, we will rally.

 
We are preparing our traders to take the move higher as we look for mechanical short interest to be taken off the indexes.
 
We are looking at many oversold stocks for the next leg higher and we told everyone how critical the 200 Month Moving Average on the Dow Jones Industrial Average is. As we watch 8,600 as the critical level on the Dow, we will look to buy the dips daily until this move reverses.

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Posted: 1/28/2009 9:06:45 AM by StockMarketFunding | with 0 comments


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