Huge Stock Market Rally Soon ?Friday’s astonishing stock market recovery may be a sign of things to come.The enthusiasm to buy in the face of deep anxiety over Europe’s mess is strongevidence that investors are more taken with the not-as-bad-as-we-thought U.S.economy. “What me worry about Europe?” seems to be the message now.
This will be the third time this autumn for the S&P 500 to attempt abreakout above its 200-day moving average. It got there briefly in lateOctober, then again in November and approached that level in early December.This banging away at the key price area can lead to breaking through and goingmuch further.
It’s as if the market has been pounding at the door and the next step isbreaking the door down. That’s the way chart looks, especially with the 50-daymoving average on its way back up for many weeks now
https://www.forbes.com/sites/johnnavin/2011/12/10/the-big-rally-that-may-be-coming/