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Bank of America Corporation Message Board

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  • cgptmsi cgptmsi Aug 6, 2009 1:59 PM Flag

    Remember BAC April 28th?

    This is what I am seeing in the chart... Almost the exact some condition except for one inportant technical issue. The stock is not trading above the 50 Day Moving Average has crossed over the 200 day moving average... So although you can compare both the run ups you may not see as big as a pullback as you did then.

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    • even by gut feeling, you can tell that this traceback will not go to 12.50's unless there is some sort of monumental news that'll scare the crap out of everyone which is highly unlikely.

      The only news that I can think of now is how Ken said that the 3rd AND 4th quarter will be worse than the 2nd.

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