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Can holiday rally continue next week?Posted 11-28-2008 at 07:33 PM by tsptalk
Stocks continue to climb as the C and S-funds put up some huge numbers again on Wednesday as the pre-holiday seasonality strength did not disappoint. Will the post-Thanksgiving Day seasonal strength be able to penetrate resistance?
Seasonality says today should be a good one as well, but the S&P 500 has now moved up to the top of the descending bear trend line, so it will be interesting to see if this rally can continue. Today's volume will be very light (see the 2007 post T-Day... |
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