From Slope of Hope:
The Astonishing Small Caps
If there's one chart that illustrates the strangehold the bulls have on the bears, it's the one below. The Russell 2000 is at a never-before-seen-in-history high. Higher than the NASDAQ bubble. Higher than the housing/credit bubble. Never. Ever. Higher.
I had hoped that the break of the extraordinary wedge pattern (highlighted in teal) would be similar in follow-up to what happened with the prior instance that I've shaded in green. Instead, the fall terminated abruptedly on October 4, 2011 and has been more or less pushing higher ever since.
Here's Jackie Wilson:
