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Bank of America Corporation Message Board

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  • cgptmsi cgptmsi Jul 6, 2009 11:38 PM Flag

    I got stopped out today after holding for almost 3 months !!!

    I think it was predictable what it did today. If you look at the chart and overlay a 10MDA on it, you will see that it has moved over and under this line at the top and bottom of every swing. I have been catching it at the top, shorting it and then picking it up at the bottom.. made some good $ over the last month or so. I too have not been using a stop but instead watching it like a hawk, thaanks to my iPhone.

    I really think that this is going back up to test the 200MDA and if earning are good it will continue on up. It is definately getting interesting as the 200MDA and 50MDA get closer.. if the 50MDA crosses over it will go to the moon...or at least much higher.

16.67+0.03(+0.18%)Oct 21 4:00 PMEDT