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For the “Third time in the past Four years” the Wilshire 5000 is touching line (1), which comes into play around the 14,000-14,500 zone. Will the “Third Time” be a charm and resistance give way at (2)?
In 2007, the Wilshire did break above line (1) and it rallied another 10%, in 10 months. Keep a close eye on this very broad index to see if the positive momentum that is at hand, can break this key price zone.