Friday, July 9, 2010


5 min 4C negative divergence
1 min 3C negative divergence

BAC is not looking so good right now. However, Price is KING so I'd be comfortable building my short position or adding to it on a move below $14.60, especially on the close. Look for volume on a break below $14.75 and/or $14.60 that would not be good for BAC, but it would be good for a short position.

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