Stock Market Rally on FED Speak Today?
The chart below shows that we have the likely hood of staging a huge rally today in the stock market. In fact, the NASDAQ 100 could make a new high by Friday. The trines of October 30 and November 1 turned out to be exhaustion points in a down trend. The 5/10/20 and 40 week lows still loom ahead and are due sometime in mid to late month. Thanksgiving week could be pivotal.
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Brad Gudgeon, editor and author of the BluStar Market Timer, is a market veteran of over 30 years.
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