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CHKDG - Stocks Soar Detecting A Recovery Ahead Of Everyone. Resistance Is Futile
Chesapeake Energy Corp. 5% Pfd Conv
The market has smashed through every resistance line in front of it. The chart has had a series of seemingly formidable barriers that should have taken weeks of grinding to break through to new highs. Yet the seemingly inexplicable power of this rally made them look as ineffectual as the Maginot Line during WWII. As the S&P 500 rose ever steeper, I and many others searched high and low for an explanation. The market action led some respected thought leaders to aver that the indexes are being distorted by retail investors bereft of casinos and