NYSE:SCHW Charles Schwab Corporation (The)
SCHW has been tossed into the trash with the "bank" stocks and now it appears that the sellers are done. When the trend exhausts itself and the sellers run out of stock to sell, then what happens is each decline in price has less power or . Since the sellers "initiate" the transaction and the buyers "receive" the seller, the price falls until there are relatively few "initiators" and then the trend reverses. The buyers then want to mark-up their stock as quickly as possible to free up capital to make markets and to find out where the supply of stock is again. Based on this simple pattern, SCHW has room to $13.50 and risk down to $11.70 from $12.25 last. Buy dips to $12.00 and stop out at $11.70.
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