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Re: leggmason post# 191096

Friday, 12/13/2013 10:16:35 PM

Friday, December 13, 2013 10:16:35 PM

Post# of 364380
Evening LEGGMASON;

As a trader who has made money fromn BAC option trades in the last three years, I would say hold off until wednesdays FED decision. Volatility will be on monday and tuesday but just enough to lose premium, not make a decent trade.

The MACD and the ADX is still showing a continued fall with stops at the pivot point which BAC is at now and an RSI smoothing out at the 48-50 level. Not enough swing here one way or another until wednesdays decision.

Risking it all to obtain the reward, necessitates the motivation to succeed.

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