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Chart:FSLR

Double top possible!!!!

Last week of the quarter

The 1180 level that I have been talking about held on last week as upside resistance, but whether or not this will be the ultimate high before wave 3 starts remains to be seen.

As the chart above shows, we now have a weekly RSI divergence, and along with the volume divergence we have been seeing for a few weeks, and the weak seasonality that the end of March can bring, we now have the best chance to see a deeper pullback then what we have seen so far since the March 2009 lows. This of course does not mean it will happen, but at least we have some convergence of factors pointing to a probability.

1180- BINGO

Notice the high today was 1180 that number mentioned last week as the 127 level and the target for the bulls. Notice how we sold off hard after hitting that number.


http://marketjedi.blogspot.com/2010/03/next-resistance.html

GS

following up on the BAC comment here is a chat of GS. Note it seems to be lagging the upward move of the market. Does it catch up or is this a sign?

BAC

Yesterday BAC said they will initiate a new plan for home owners under water. I think this is positive for BAC and I am goign to say this stock goes higher on this news. Next real important level on the upside might be $20. I has bee basing good at not violating the $15 level which was very important for the stock.

I would buy some calls here on BAC here for a little upside