Monday, November 28, 2011

New moon new month

update: 11/30/2011: todays 500 pt rally breakout should last until March 2012 per the 2012 Bradley Model. Look for buying opps on pullbacks on major moving averages. I think we can go back up to 1303 or 1350 by the end of the year.
We had a new moon last Friday, that normally is a sell signal as seen on the chart below. Will we rally hard on Monday(futs are up 275 pts. in pre as I write this) sell off again on Tuesday? Or is this gap up we are seeing this morning the start of a new rally into Xmas? We should know by the middle of this week.