Friday, October 28, 2005


As you can see in the updated hourly chart above the December S&P futures bounced off the bottom of the box at 1180 and I think the next stop will be 1223. I believe the market is in the early stage of a move which will carry to 1350 over the next few months.

In the second chart above you can see that the daily count of the NYSE advancing issues is maintaining its bullish configuration. I last commented on these numbers here.

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