Replies to post #21882 on Bank of America Corp (BAC)

[Saving Grace]

When this touches $18, it will appear to be a bottom where some analysts will claim a double bottom bounce at the $18 support level to fool the masses once again as it is simply a support level and not the true bottom at all. When it breaks through $18 support, many will realize they have been buffaloed and it will be a mad dash for the door.

This stimulus will be a nightmare for the banking system as secured assets through ETF's will be no longer or any gold or silver they may have once exchanged for debt.

I'm thinking the free fall from $18 will take it to $10 and below.

When they restructure with certificate backed banking based on worth will be the entry.