Below are the 1,5,10 and 15 min 3C charts for BAC, all positive, but interestingly, all pretty much positive only since yesterday, mostly today. This doesn't suggest a large position was accumulated and if I had to guess, I'd guess it would be a similar event to JPM with Wall Street spinning earnings into a pure "Headline" beat. Remember, JPM beat in the headlines, but for those who read the report, EPS were up on falling revenue, there were accounting gimmicks to produce the beat and later JPM fell, but the point wasn't to do anything more then gap the market up, what happened to JPM later was irrelevant. We could be seeing the same in BAC, otherwise why not accumulate a bigger position?
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