Friday, November 25, 2011

Weekly Update - SP-500 & BAC

SP-500 (Weekly)
  • Break Down Continues
    • All Moving Averages NOW BROKEN
      • Bulls Need A Break Above 1180
      • Bears Need A Break Below 1140 
    • Small Bull Fork Still In Play
      • Major Break Below 1140 Would End Bull Fork
  • Major Fall-Out Could Be Near
  • DANGER ZONE - Now - March
BAC (Weekly)

  • BAC Could Go To ZERO!
    • Break Below $5 Would Open The Flood Gates For The BEARS
    • Bulls Need A Break Above $5.50 & FAST!
  • Does Not Look Good For BAC or ANY BANK