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.
======== 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... 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....................................................