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DeMark Sees S&P 500 at 1,330 by Christmas Before Gain Fades

The Standard & Poor’s 500 Index may advance to between 1,330 and 1,345 this month before the rally reverses, according to Tom DeMark, the creator of indicators to show turning points in securities.

That would represent a rise of at least 5.8 percent for the benchmark gauge for American equities after the worst Thanksgiving-week drop since 1932 depleted sellers, said DeMark, whose prediction in September that the S&P 500’s decline would stop at 1,076 proved prescient when the index bottomed at 1,074.77 on Oct. 4. This month’s rally will end when the S&P 500 closes higher on four successive days, DeMark said.