Bank of America Corp (BAC)

[Portguyofva]

I wouldn't rush to buy. I think low 9 to 9.10 is highly probable. The major indices fell through some big support today. DOW 12,600 not out of the question, which should get you a buy opportunity on BAC in the 8.75 or lower range. Keep an eye on the VIC as a nother indicator. If it breaks above 20, big money will likely run it up to 25ish which will get us that DOW 12,600.

Disclosure: I'm already sitting on a large BAC position with dollar cost average under 6 factoring in recent profits on leaps. I've been patiently adding to my BAC position. Big money works this stock hard; so if you stay current on the MAs and support resistance levels, you can usually get good entries and exits if you have a long-term horizon. GLTY!