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The Wilshire 5000 rallies up to well-defined multi-year resistance on Friday. Amazing that this is nearly the exact same level that the market hit on the post Lehman squeeze (was that the banning financials short squeeze)?
I see is that now we are supported by the 50ema instead of resistance.
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Post Lehman Brothers short squeeze level...
Posted by kalinm on 23rd of Oct 2011 at 12:07 pm
The Wilshire 5000 rallies up to well-defined multi-year resistance on Friday. Amazing that this is nearly the exact same level that the market hit on the post Lehman squeeze (was that the banning financials short squeeze)?
Only difference
Posted by macksurf on 23rd of Oct 2011 at 08:10 pm
I see is that now we are supported by the 50ema instead of resistance.