S&P Scary comparison 2007/2011

Quote from Tsing Tao:

Interesting. Today's move, however, throws a slight wrench in that correlation, though.
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Actually, it's looking very similar. On Nov. 28 of 2007, the S&P jumped almost 40 points. It continued to move up a little more during the last two days of the month. It still closed the month for a loss, though. Since I watch seasonality pretty closely, that concerned me since November is historically one of the best months for stocks.

It really depends what happens in the coming weeks. If the S&P can make it back to 1250-ish, it's anyone's guess. However, it doesn't look good right now and the big gaps created today aren't encouraging, either.
 
Quote from MKTrader:

Actually, it's looking very similar. On Nov. 28 of 2007, the S&P jumped almost 40 points. It continued to move up a little more during the last two days of the month. It still closed the month for a loss, though. Since I watch seasonality pretty closely, that concerned me since November is historically one of the best months for stocks.

It really depends what happens in the coming weeks. If the S&P can make it back to 1250-ish, it's anyone's guess. However, it doesn't look good right now and the big gaps created today aren't encouraging, either.
More...
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It[SPY]is having trouble closing above its 200dma;
usually bearish/bear trend........................................

Could go down much more, with all the socialists in the news...

:D But with more weekly sell SPY volume & buy volume/2008 on average;
probably will not go down as much a %%as in 2008, which was a real killer of beartrend/downtrend, much worse than is 2007.

50 week weekly[$128] SPY area;
seems to be a top area also.BAC, C are mostly downtrends ;
Nice uptrend on gold,GLD....................................................
 
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