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Where Has This Market Been & Where Is It Going

February 08, 2012 – Comments (0) | RELATED TICKERS: SPY

We're on week 6 of a most impressive market rally, with yet even the slightest of market pullbacks. So what can one expect really, in the weeks ahead. First, let's take a look at market rallies dating back to 1963, nearly 50 years of market data using weekly chart data, to find out what rallies, on a consecutive positive week basis, were greater than what we are currently seeing.

January 1998 through February 1998 - 8 consecutive weeks

May 1997 through June 1997 - 8 consecutive weeks

July 1989 through September 1989 - 9 consecutive weeks

September 1986 through November 1986 - 8 consecutive weeks

October 1985 through December 1985 - 12 consecutive weeks

December 1975 through January 1976 - 8 consecutive weeks

January 1972 through March 1972 - 8 consecutive weeks *

December 1970 through February 1971 - 8 consecutive weeks

November 1963 through January 1964 - 9 consecutive weeks **

July 1963 through September 1963 - 9 consecutive weeks