Counter Trend Rally to Continue

By Denise McCosh
November 30, 2008

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The counter trend rally continues despite rising unemployment, a slow down in consumer spending and unprecedented bailouts to rescue the financial markets. Despite all of this, we could see another 900 pts up in the Dow before this rally exhausts itself and the markets begin to drop again.

My advice is to be careful, wait for confirmation of a bull market before you get in, unless you are prepared to jump out quickly when the overall bear market trend resumes itself.

Don't worry about missing the bottom...there will be enough upside potential in a sustained bull rally for you invest profitably even if you do wait for market confirmation of a bull rally before getting in again. Why take the risk in these uncertain times - stay safe.