jstar8218

Yikes! IXIC at Peak Resistance Levels?

TVC:IXIC   US Composite Index
The market's recent run these past 5 sessions or so have been nothing short of breath taking. So much, I decided to annotate a chart of IXIC (just for fun) from the beginning of the bull run back in '09 to today's close, what I saw was the IXIC at peak resistance levels. Nothing technical about this chart, did it for fun but given what some of these companies are trading for...multiples of 100 plus!! Yikes, one can only wonder if a steep recession is in play. Any who, time will tell. What do you guys think?
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