Wilshire 5000 Chart – August 21, 2009

I charted the Wilshire 5000 ($DWC) after the markets closed on Friday, August 21, 2009 when it closed at 10,552.27. The way I chart the broadest index for the U.S. equity market, I see that we are back at the top of the trading channel between the trend line of higher highs and higher lows. The dip off of the early August highs only gave the DWC a little room to the upside to creep before meeting resistance again. It still got there though as it continues to fight against moving back towards the lower trend lines of previous lows.

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