Wednesday, January 21, 2009 1:07:14 AM
Hey garza, BAC is definitely developing a PPO/ADX pinch. It is still early and could still fall apart but is good for a watch IMO. We will look for a bottom. Chech the Ibox, has great info about pinchers and buy and sell signals. Look for RSI 2 to cross 50 and RSI 5 to cross 30 while trix 3,3 turns up and DI+ turns up. I also watch CMF and Accum/Dist for end of dumping.
BAC chart:
BAC chart:
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