I drew by bottom support line and on Tuesday, sitting a top of that line I bought back at 9.35 for a small profit.
I noted the trade "Risk Taken" I thought that line would hold, and it did not.
My next support line was at 9.05, drawn over from the 9/11 high. (My full commissioned AE at Merrill often told me my lines sucked).
It broke that line yesterday and now seems to have found some support at it, while the banking index has not broken out of its wedge as shown me by StockTiming.com. So for now it looks okay. Buffett having $5 billion invested here makes me a little more confident.
The broader market does seem to have broken support, however. Nothing is uneffected by the total market.
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