I expect one as i believe we could see Dow 12k by January 2011.
After a volatile week of going nowhere for two weeks and the filtering out the noise of a potential Korean Civil War, we are still trading above the 50dma. In Elliot wave terms, we are in wave 4 correction, which is notable for its oscillations. If we break out next week to above 1210 that would set in motion the Santa Rally and we could see 1300 by January.
If history is any guide, we should see a Monday breakout or consolidation.. as the two worst Thanksgiving Mondays were in 2000 and 1973..both bear markets.. not the case now.
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