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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (31105)	4/21/2012 3:15:13 AM
From: GROUND ZERO™	Respond to of 224400

Yes, it could be, although that may be too exotic... we'll see soon enough, but for the moment at least I think a double top... GZ

To: Kirk © who wrote (31105)	4/21/2012 8:14:46 PM
From: Challo Jeregy	1 Recommendation Read Replies (1) \| Respond to of 224400

I've been following what I thought was a C & H on BAC. However, the first part of April, it started forming a bear flag. Yesterday, it broke its 50dma and fell out of that flag. Right now, its 200dma is around 7.42. Granted, the max-pain on it was around 8, and options exp was yesterday - so they did a number on it. After hours, it hit 8.31. Probably st oversold and could bounce to around 8.70ish. But, TA-wise, I think that C&H is no longer valid. However, the XLF isn't dead, yet . . . . .