The phrase "rally further" is correct and can be used in written English.
It means to gather or gather even more support or strength. It can also refer to improving or continuing something with renewed effort. Example: The team was able to rally further after a slow start to the game, ultimately taking the lead in the third quarter.
Moreover, many Wall Street analysts expect that the stocks will rally further because of the weak dollar.
Still, some analysts said they thought the biggest-capitalization stocks, which have been driving the market's advance for the last several years, could rally further.
They also raised their full-year profit forecasts, betting that Japan's stock market and economy would continue to rally, further inflating the value of their stock portfolios and reducing the need to write off bad loans.
On the other hand, if the court lets the European rescue fund proceed without too many strings attached, a major element of risk will be out of the way, and markets could rally further.
If inflation stays low and the economy remains weak, the bond market could well rally further, pushing down yields on 10-year Treasuries to as low as 2.5 percent, Mr. Bryant said.
While statistics on housing activity do not negate the prospect of a slackening economy in 1998, he said, the bond market nevertheless is likely to await more concrete data on the future direction of business activity before prices rally further.
If the market holds its recent gains or rallies further, his view will be proved very publicly wrong.
After the Federal Reserve cut interest rates again, on September 18th, the stock market rallied further and volatility decreased.
Then from around 3am, as the SNP wipe-out in Scotland became undeniably clear, and any remaining Labour hopes were squashed, the pound rallied further still.
Under subsequent questioning from Democrats, who asked why the Fed was not taking an even stronger position on housing issues, Mr. Bernanke rallied further, saying that the Fed maintained its opinion that Congress should do more.
"The current rally has further to run.
