There were also questions about how long the rally could continue.

Marches and rallies continued to the end of the month.

In the municipal bond market, a rally continued for a second day.

The rally in oil futures continued for a second day, but a downturn is expected.

Even now, analysts said, investors are far from agreed that the rally will continue.

"It appears to be a normal correction, and the rally could continue in a couple of days."

And the rallies in the financial markets continue to be rocky.

It has been a wonderful six months in the stock market, and history suggests the rally might continue.

"I wouldn't be surprised to see the rally in the old leaders continue for another few months," he said.

The last of the old style event was held in 1980 although the rally continued into 1981 on a smaller scale.