The following chart was published on May 9, 2008.
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For some perspective on the current state of the stock market, today's chart presents both the long-term and intermediate-term trend of the Russell 2000 (small-cap stocks). As the chart illustrates, the Russell 2000 has been and continues to trade within its five-year trend channel. However, since mid-2007, the Russell 2000 has traded within the confines of a downward sloping trend channel -- though resistance (red dashed line) is currently being tested.
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Source - Russell Investment Group
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May 11, 2008 - Mother's Day
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