Predicting the Random Walk?

In my post on Friday, March 6th I discussed the possibility of the start of a rally for the SP500 Index. The upward turn at level 667 did develop into a relatively significant rally. I have circled the rally on the updated chart. It will be interesting to monitor to see where the market goes from here.

The success of this prediction may be viewed as possible evidence that the stock market is not just a random walk. That does not mean that there is no randomness in the stock market.