Thursday, December 17, 2009

$15 BROKEN OPPPPS

There goes BAC sub $15 finally!!!

$14.63 next stop

45 minutes to go

Hmm very interesting action although the volume is low. It would be noted as a weak session if we definitely break lows of day into close from here.

Below 1093

Below that 1093/1092.50 area the next real decent level of support is 1079/80. Not that we reach that today but if we close below the 1093 the next area of substantial support is there.
One hour in I am pretty surprised by the action.
1092.50 might be a buy with a stop around 1090

1095!

Hmm I got another number around 1093, which is more significant. We will see soon enough.

Thursday

Looks like we will gap down today bu I doubt we sell off today. I would be looking at 1095 as a line in the sand if we get that low. I am actually looking for us to get a nice bounce but we will see how we digest all the news coming in this morning.