Santa Claus Rally?

12/08/2008 10:55 am EST


Thomas Aspray

, Professional Trader & Analyst


The stock markets ability to rally in the face of the horrible jobs numbers was a good sign. The daily positive divergences in both the McClellan Summation Index and the Demand Index suggest a short-term low is in place. With the longer-term studies negative, the best we can look for is a sharp bear market rally.

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