timwest
Short

Bank of America - BAC - Daily - Approaching sell short level

NYSE:BAC   BANK AMER CORP
374 10 5
Note the key levels and how the market responds to them. There is a short sale setting up near the $16.90 level and BAC             is just 11 cents away or 0.6% from the "short zone".

Downside target is $16.10 or $0.60, 3.5% lower.

Tim

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We will sell off tomorow
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Blew through the sell signal and settled around $17.00 and seems like it's forming a new base
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play4trade alvnngyn
I understand why you say that, but it TESTED SL EXACTLY today... It will sell off from here... either tomorrow or next week.... Target is roughly 16.43...
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play4trade play4trade
http://puu.sh/bEzqi/4ff25db7f4.png
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play4trade play4trade
Here's a better picture of what's going on: http://puu.sh/bEzwI/e64495f81a.png
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elcololp play4trade
elliot wave?
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play4trade elcololp
You asking me?
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elcololp play4trade
yes
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play4trade elcololp
No Elliot Wave
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alvnngyn play4trade
I sold it early this morning so it's all cool. Suddenly felt like a pull back was starting so I pulled trigger and now also feel the same way.
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