Wednesday, June 6, 2012

Similarity and BAC Update

Just last weekend I posted an update to the similarity/fractal chart that I have been tracking. I mentioned that I was looking for a +ve divergence with the McClellan Oscillator.

With yesterday's close, we now have such a divergence. Lets now see if step [1] is in progress from here.

I marked 1357 as a possible target. We'll see...


BAC needs to get moving here if it wants to avoid forming a bear flag. We shall see....
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