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Bank of America Corporation Message Board

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  • giovannijay giovannijay Apr 23, 2012 3:20 PM Flag

    200 DMA is the support

    Just look at the MACD and you know it's heading down... even if for a day or two, price goes up. That downward slope is still quite steep.

    200 DMA is no good to make ST & IT projections, anyway. What matters now are the interactions of 5, 10, and 20 MA interactions and if the 5 is getting ready to cross the 10, if at all. The change will start there first. Who cares for the 200 DMA at this time!

    Good chart.

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