Bank of America Corp (BAC): On Monday 2 Breakouts appeared in the co...

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JJ8

Re: JJ8 post# 18100

Friday, 03/20/2015 7:23:14 PM

Friday, March 20, 2015 7:23:14 PM

On Monday 2 Breakouts appeared in the components of the LMP Indicator. The update today reveals that on Wednesday (on 3/18/15) there were 2 more Breakouts. These breakouts were then followed with one yesterday (on 3/19/15), and 2 more Breakouts, today. Based on this week's internal changes, the larger market's momentum has now turned positive at this time. We shall see what brings next week.

BAC has it's own path. Based on T/A alone, both the daily and weekly (PSAR) shows now it is in downtrend. I note that it was in oversold territory yesterday and after the 3rd down day, it made sense for today's price rise. We shall see. However, it seems to me that favorable reviews and comments are increasing at this time... despite Jim Kramer's negative comment to a caller today not to buy BAC. He is disappointed and he recommends WFC instead. We shall see. GLTA

PS: I sold (7.5%) shares today at $15.80 I purchased (15%) yesterday at $15.66