Replies to post #19085 on Bank of America Corp (BAC)

[The Pup]

Not a bad algo, but saw this .07-.09 coming to a point as the fib retracement was very limited this AM. Suggest you modify your "channel" a bit as BAC has a further upside forthcoming, but again stay VERY CLOSE. The possibility of a NEW UPTICK RULE is with us as well.This will limit the downside movement so the short trades will be very risky. Study a RTR formula you are comfortable with. Suggest not more than a 3 out of a RTR of 5.Even 3 is risky UNLESS you "marry" your computer/algo daily by the minute.