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...
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| Similiarity |
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| BAC |
Stock Market Analysis With The Elliott Wave Principle -Dow Jones, S&P 500, Russell 2000, Nasdaq and FX. All charts and commentary on this site are strictly the opinions of the author(s) and are for recreational purposes only. In no way should this be construed as trading advice or a recommendation for investing. See disclaimer at the bottom of the page.
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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....
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...