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
