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To: AllansAlias who wrote (52256)9/3/2002 2:41:36 AM
From: Berney  Respond to of 209892
 
I agree that the financials are tough.

As Art Cashin recently stated: Just when you think you found the key, they change the locks.

As I posted on another thread, since FA isn't of much use in determining short-term market direction:

Message 17943377

Nonetheless, since 8/31/00, 15 of my Big Boyz are positive for price performance (out of 73). Of these, 5 are financials. Frankly, I believe the weekly chart of WFC, another regional bank, is even more interesting from an e-wave perspective than BAC. Clearly, we will soon know the answer to this interesting question.

Berney