Chaos Everywhere

While everyone’s chasing after the S&P top, maybe Wells Fargo has already given us the signal.

Back in the day (3/9/09), the S&P bottomed at, or near, 666.7

Revisionist History

It’s important to note, as time passes, finding any reporting of that low (666) is becoming increasing more difficult. Links here and here have two conflicting closes.

The ‘old-timers’ know and that’s what matters.

The Reversal

Wells Fargo posted its all-time high (86.66) ten-days ago, on September 23rd.

Today was a sight upside reversal, suggesting a (marginal) push higher.

Charts to follow.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279