Today is December 20th, 2011 and we saw the market rally called perfectly yet again with a powerful move as mentioned in my most recent blog postings, yesterday and Friday.
I said in Friday’s post that the market would trade down to S&P 1198 in Monday’s session and then turn sharply higher with a big rally. That is exactly what we saw so far and did mention that the rally is likely to continue for some time as well.
Today we saw the Dow Jones push higher by 337 points and the S&P up 36 points, both about 3% for the single session, now that’s a rally. I used many components of my trading method to come up with the 1198 number and was getting many confirming signals which all pointed to that area.
I will post a chart below so you can see the continuation of the call and move after wards. I did no trading today as I am taking the next few weeks off, but wanted to follow up with this call. I may put up a small post here or there between now and the 1st of the year to remind readers, OK the chart below. Merry Christmas to everyone. Vince
Related posts:
- Market Rallied on Called Number
- Market Reversal – Just as called in Yesterdays Posting
- Called the Stock Market Bottom!
- Market comes back to life, as called
- Called Live, Short Term Top In Today’s market.
Tags: big rally, confirming signals, market rally called perfectly
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