Recent hike in the stock market lasted several weeks convinced me to stay in the market for awhile longer. Many professional stock blogers mentioned that there is a high possibility of bear market coming soon, so I was thinking of selling what I have now, but could not sell the stocks.

Now the market is about to hit the 10,000 Dow point. And I am somewhat glad that I stayed in even though I haven’t benefited much since most of the investment was bought before the great stock market fall in the last October.

I read today from caracommunity.com that when Dollar is down, market is up. And when the Dollar is up , the market is down. And he provided this link to stockchart.com (http://stockcharts.com/charts/performance/perf.html?$DJW,$USD)

The graphs in fact shows the opposite trend between Dollar and stocks. If so, we can predict the market’s future using the Dollar’s pricing trend. But then how do I know where the Dollar will move to , up or down?

Mr. Bill Cara’s speculation is that the Dallar will eventually turn to upside trend and then there will be bears roaming again.

Next week , there will be lots of corporate earning reports for 3rd quarter. And it is expected that many will be positive reports.

Have a great weekend.

If you look at the Dow chart below what do you think? Do you think we are going to steady come back with the stock market?

Right before the crash last October, it was 10831 and the lowest point was 6547 on this 3/9/09. Now that we are at the 8500 level, would it be a good time to jump in? Will the market come alive continuously?

I guess, it will get better by the end of the year, but I wonder if now is a good time to jump in. Maybe I should wait some more and carefully watch the market next week.

What an amazing day!

Dow was down almost 800 point middle of the day but it ends with only -370 points = 9,950 point.

Did you catch some of the great stocks at bargain price today? Bill has recommended to take action today.

This article was posted before the market opening.

The selling that is happening abroad today will probably create more of the same at the open in NY and Toronto, but then I think there will be a turn during the day. For that reason, I will focus later in the day (in an ADDENDUM) on a couple names of the 36 that last week I listed as Buy candidates. These I will recommend buying today.

Mr. Bill Cara believes that the bull cycle has started. And this would be your one of the life time chances that you can create great wealth.

The current recommendation lists are captured here
http://rsi7.com/2008/10/02/recommende-stock-lists-from-bill-cara/.

Good Luck everybody!