Bank of America Corporation Message Board
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PHUK! 2008 ALL OVER AGAIN - SELL OFF MONTH!
Give me some data that shows you we are headed to 12.. Not disagreeing with you, would just like to see the data.
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- 3 Replies to nononsense301
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Excellent post. The 1st and last link in particular really talks about what the masses don't want to acknowledge - the proverbial pink elephant in the room. (in this case there are MANY more than one)
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AT LAST... A comment with some data... Great stuff. Thanks
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Very Misleading posts
OLD DATA!!!!!!!!!!!!!
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I read charts. People may say this or that, but the truth are charts. Charts represent the multitude of all buyers and sellers, and is a more accurate representation of what will probably happen.
The 3 month chart shows support was around the $12+ range until the rally. There's a good chance we'll be testing that level soon.
http://finance.yahoo.com/echarts?s=BAC#chart3:symbol=bac;range=3m;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined- 1 Reply to wanosd
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I agree with you... charts are the way to go. As I have been looking the chart since the ealry June when I started buying and selling this stock I noticed that with every rally BAC pulled back to the 10 and 20 moving average. Update your chart using simple moving average -
look at http://stockcharts.com/h-sc/ui?s=BAC&p=D&b=5&g=0&id=p67424444592 and you will see what I mean.
Using that same -theory- I would say one more small drop may come but it will rebound back up. Currently, I do not see anything that shows it will head down much farther unless you take into consideration the last time we saw a large rally which was followed by a 30% pullback which would put at about 12.95...
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