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      11-29-2011, 03:46 AM   #2360
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Quote:
Originally Posted by MEMMEZZ View Post
Tomorrow is definitely looking good with what you mentioned (http://www.cnbc.com/id/45472580), Asian stocks closing strong and black friday record sales being followed by record cyber monday online sales (http://online.wsj.com/article/SB1000...191494882.html). But it seems youre leaning away from your full on year end rally theory if/when we break above 1220 later this week.
A year end rally would be like 1 to 2 weeks of solid buying on volume. It would not be incredibly long, but instead would be very intensive and would raise the markets substantially. It could still happen as it's almost unreasonable to predict the next month and a half being solid losses. The year-end rally would fit sometime in here, though we'll need to see more evidence in the charts and in the information available sooner. I wouldn't know what level we would be bouncing back or down from. Time will tell.
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