Bank of America Corp (BAC)

[JJ8]

Today the update of the LMP Indicator is showing that the larger market is giving WARNINGS (one given on Monday 1/26/16, two yesterday, and one today). Furthermore, there was also one BREAKDOWN yesterday in an important component- in a major market index.

Overall this does not yet mean a reversal of what I posted last week in my update on 1/22/15 about the growing positive signals.

However, what happens in the next several sessions in the markets that follow may help to clarify the situation.

Should the warnings turn into breakdowns, the prospect of a reversal of the early positive signals given that I posted on 1/22/15 could be removed. At this point in time and development stage, it is early to 'guess' which way the larger market may be heading. We shall see. GLTA