To see this chart action from the past, go over to bigcharts.com and plug in WFC. Then use advanced charting and request 10 years of monthly bars.
You can see the whip running both sides and then the stock goes sideways digesting the blowout of both sides.
What's interesting now is the fact that the stock has repeatedly tested the 2007 high and has held, at least so far. Even with all of the bad news.
Looks like a buy if it can make a new high.
After all, the banks own the Fed and the Fed is buying it all using money key stroked from nowhere. These banks may own it all before it's over.
