The rally is continuing

The S&P 500 Index has climbed up by 100 points since the current UP signal appeared before the close on September 30. The emerging markets have also followed with more than 9% rally. The Hang Seng China Enterprises Index reopened on Oct 2 with an UP signal, and has since incresed by 800 points, or 8.3% by the close of October 9.

Investors are wondering whether the rally will continue. Interestingly, while the pairs model sucessfully predicted the rally at the open of Sept 29, the NASDAQ 100 Index (NDX) has lagged the Dow Jones during the last few days. However, the model still maintains the UP trend. The S&P 500 Index has got support at 2010. The rally is likely to continue if the index doesn't drop below this level.