LEH is in the news today, so I brought up a chart to see how and why I missed this one. Well, I missed it only because I wasn't looking. Note how the 50 level on the weekly chart served as support throughout the last six months of 2007 before being breached in early 2008. At that point, the 50 level became resistance. LEH hit 50 and reversed down hard two times before collapsing. Finally, note how the entire decline was confirmed by the MACD.